TLDR: Total debt-14K, Stocks-10K, 4.3K Income, 2.2K Remaining after bills - New job 3.3K/month in the next 5 months - Should I sell all my stocks to pay off debt - Reduce monthly bills by 450$Thank you for all your replies.
I'm considering the best options what to do right now -
I bring in 4.3K a month right now. After all bills are paid(including HOA and housing maintenance), besides food, I have 2200 left over.
I owe 7K on my car, at 10%, 260$ a monthI owe 7K on back escrow, currently adding an extra 150$ a month on my mortgage
I have 5K in crypto, and 5K in stocks, 1K in the bank as of this moment.
I am 28, with no retirement saved at all, and previously filed bankruptcy approximately 3 years ago.
The option I'm considering now is possibly cashing out crypto and stocks, and paying off the back escrow and car within the next 2 months, which will also help lower my insurance premium, which will cut the monthly bills down by about 450$ a month.
Career path change I will be making at least 3,300$ a month instead of 4.3k at the new job.
Submitted June 08, 2022 at 04:13AM by Brilliant_Age7776 https://ift.tt/jBPvp8a
