TLDR: If you had the option to move back in with your parents for 1-2 years to completely pay off some debts, would you?
27 y/o male, making 50k/year
Current Expenses:
Rent & Utilities - $1250/month
CC Debt - $13,500, consolidated with a loan @ 9.9% apr, $380/month
Car - $320/month, 4.5% apr with about 3-4 years left remaining
My SO and I broke up a few months ago and now I'm paying all of the rent which we previously split. The lease will be up in July. Along with my other living expenses, I'd dry up my savings by then. I could find some roommates to help reduce rent costs, but my parents have also given me the option to move back home (rent free) to help me get back on my feet.
Moving back home would give me the ability to throw the extra money free'd up at my debts. I'm confident I would be able to pay off my CC debt and my car by the end of 2020, while also being able to save some money then proceed to move back out. Thoughts?
Submitted February 25, 2019 at 11:46AM by Mister_Makulit https://ift.tt/2Nu5QYE
