So, not proud of where I am, but it is time to fix it. I do not want to spend my 30's fixing my terrible decisions I made in my 20's
So I grew up pretty poor, having money meant to spend it, single mother on K-Mart pay trying to spoil the children didn't help or guide me to the right path when it comes to money management (love ya ma). I've never learned about budgeting, or bills or credit, its french to me but I am trying to learn.
I currently make $57,000 a year on salary, being paid by monthly after taxes, 401k, its roughly $1600 in my bank account, every 2 weeks. I just accepted a promotion making $72,000 year and have come to the conclusion that I'll have to live in my car because I can't find a person to rent to me with my credit so low. I know this will be a slow up hill battle but I am ready to face it.
\Nitty Gritty\**
Collections:
$7,868 in Medical Bills (I had strep throat and pneumonia, at the same time, would not recommend)
$4,011 in owed rent (Leasing company never sent invoice to my company for reimbursement for move, never had anything in writing from the leasing company stating they would so I am responsible for the debt)
$252 Unpaid gas bill
$11,000 My car was repossessed as I was trying to balance rent from the place above, and my current apartment and I ended up defaulting on the loan after two missed payments
Credit Cards/Lines of credit:
None
Bills:
$120 Insurance
$55 Phone Bill
$50 Gym
$950 Rent
$140 per check to 401k
$20 Internet
$200-300 on eating out/drinks
$100 Groceries
CreditKarma states that my credit score would jump to 503 if I opened a credit card with a 200$ deposit, how accurate is that? Can I trust them, I hear the ads on the radios.
I know I've been stupid and irresponsible but I would really appreciate any help or tips you guys have. Looking at my check vs bills I have no idea where my money goes, which is kinda scary when I think about it, I am determined to do what it takes to resolve this, I just need a bit of guidance.
Submitted March 10, 2020 at 10:06PM by Weekly_Crab https://ift.tt/3384bzW
