Hey everyone!
I could really use some financial advice. I'm a 24 year old female, who has to provide for her mother (my father is unemployed and my home is very toxic).
I have a lot of debt, but a relative who passed away left me some money so that I could get a new start.
I currently have the following debt:
- Credit Card 1 - 1080 $
- Credit Card 2 - 1080 $
- Borrowed money - 288 $
- On going loan - 288 $ a month (for 6 months more)
I was left 7205 $, and would like to know how to invest it. Should I use my salary to clear my credit card debts and invest the whole 7205? Or should I clear my credit card debts and save (invest)the rest? I would really appreciate any advice. I know I don't have a lot of money, but I am looking forward to starting a new life (and ultimately renting out a new house).
My salary is $518 per month. This will seem like a small amount, because I dont live in the US. It's an average salary in my part of the world (India).
Any advice is appreciated!
Submitted May 26, 2019 at 09:54PM by laurastars http://bit.ly/2W3FNz6
