So after graduating university I've struggled with making money cause I didn't have a full time job for such a long time. So I've racked up a lot of debt.
Now I have a (mostly) full time job and I make 750 a week after tax. My bills and rent amount to around 250 a week, so that leaves me with roughly 500 a week. Though the last few weeks haven't been full weeks due to holidays etc. Then I'd probably take another 100 off that for food and some frivolity. Btw this is in Australia.
So optimistically that's $400 a week that I have free.
Now here are my debts:
Credit card 1: -$500, 20% interest
Credit card 2: -$2000, 20% interest
Overdraft: -$1050, 21% interest
Student line of credit: -$14,388, $153 monthly payment due. 4.7% interest
Then there is another issue. I live in Australia right now and all these debts are in Canada. This doesn't effect much really, but in order for me to make a payment on these accounts I need to do an international money transfer and they cost me $20 a pop.
I'm just generally wondering how I should approach this as it's recently come to my attention that I may not be the best with money.
From what I know, I should pay towards the overdraft until it's 0 again and then move on to credit card 2, then finally credit card 1. All while paying the monthly student loan payment and maybe a bit extra, depending if it's possible.
Any other tips would be appreciated.
Thank you!
Submitted November 19, 2017 at 07:42PM by nicholt http://ift.tt/2iwQjJE
