How bad is the following situation (my) on a scale from 1 to 10:
$500 outstanding medical bill $1500 outstanding parking tickets $27k in credit card debt from a failed business $115k in federal student loans
Income is $13 an hour or commission. I have $500 in a Roth IRA. The credit card debts are on 0% interest hardship payment plans with my creditors and have been for a year now. The student loans, I haven’t started paying those back yet, but they’re all federal, no private. I work 60 hours a week so my monthly net is $3,700. And when I start earning commission they say it’ll be around 5k a month for just below average people. So I’m hoping I am average and hit consistent 6k a month? But until then, what do I do! My expenses are $630 in credit card hardship programs, $1690 rent, $200 utilities, $500 in phone, car insurance, life insurance, back taxes. I try to do $60 a week on groceries, but I spent $100 last week and I’m trying to stretch it out 3 more days to annualize it to come out to equal 60 a week, I don’t know. What should I do lol?
Submitted October 15, 2020 at 10:54PM by financialplanningyes https://ift.tt/343LcbU
