Hello everyone, i am 26 years old and feel utterly depressed about my financial situation. I racked up debt after debt and i am now mentally done. I would appreciate any advice, insight, suggesstions from an outside perspective on improving my situation. I admit i was foolish and have come to terms with it, but i dont know how to tackle these problems. im just exhausted with the thought of not having stability.
I am on a $60k income, with total of $90k in debt.
breakdown of debt:
student loans: private $35k, federal: $15k
car loan: 1 totaling $22k
credit card: 3 totaling $9k
personal loans: about $9k
my total monthly minimums on these are $1500 and for rent, expneses monthly as $1422.
my net income is $3000 so im living paycheck to paycheck with no emergency savings. im planning on picking up a side job that will bring an additional $200 a week or 800 a month. including this my income would be up to $3800. i have no kids, my wife lives overseas and i just want to get my situation fixed before her immigration case gets approved to enter the US, which should take a couple years. any advice, plan of action would be very much appreciated.
Submitted December 25, 2021 at 10:25AM by Ill-Difference6212 https://ift.tt/3HeMB0e
