I'm 23 and almost 3 months ago exactly I left a relationship where money was one of the things used as a way to deter me from leaving. Long story short, my credit score fell almost 250 points(~420 now) and I was left with bills I hadn't paid in months.
I was previously making $40k/yr and purchased a car in July 2016 with an $18k line of credit at 6% interest. I currently owe $14.6k. Payments are $300/mo.
I pay $175/mo for car insurance and moved in with my parents in order to limit rent in an expensive area. I pay $500/mo for rent.
I have about $4,000 in credit card debt that I am paying off as I can.
I have two years of school completed(no plans to return in the near future) but a lot of restaurant management experience. I was offered a few decently paying jobs but ended up taking one that only pays me $1400/mo for full time work as I'm in training. I chose this job as an investment because within 6 months I will be making a $50k salary plus monthly bonuses and I'm already in talks for further promotions(the next one starting at $70k/yr). I'm driving for Lyft on the side in order to pay for gas, food, etc but it is not a steady source of income. I'll add that I'm feeling a bit of regret about taking the job I did when I could have just gotten a couple of bartending jobs and made double what I am now.
I've cut frivolous spending entirely and I've done extremely well despite my limited income. All of my bills are up to date. I know it's going to take time to pay my credit cards down and to increase my credit score but I'm just curious if there's anything else I can be doing to help. I know nothing about these things so I'm just hoping to learn something new.
Thank you!
Submitted March 12, 2018 at 12:39AM by mbjn27 http://ift.tt/2p8dkpF
