I (a 22 year old guy) lost my mom to brain cancer 3 years ago, and around a year ago, my dad became an abusive alcoholic and took my supposed college fund (I wanted to return to college this year) and sold off my paid-off childhood home for himself after he fell into drugs. Cops were called on one occasion, and I was pretty much forced to run away from my home a few months ago. I cut off any contact with him.
I am living in a house with 2 other roommates, and I pay 480 dollars in rent monthly. Car insurance is 100, and I own my '09 corolla with over 150k miles. I make 12 an hour in an office data entry job. My total monthly expenses would equal to 1,120 including groceries but excluding any miscellaneous expenses or emergency expenses such as car repairs. 380 per weekly check if I didn't do overtime in the week.
I have no credit history, and pretty much no debts. I pay for health insurance through my job.
I'm able to save maybe around 300 per month assuming I don't have any expenses pop up, such as car issues.
I have an associate's degree in multidisciplinary studies.
I would like to be able to return back to college and get a bachelor's in computer science.
Now for the questions:
What should I do immediately to build a good financial future?
I have no idea how I can build my credit. I tried applying for credit cards and I get denied every time. Should I get a higher paying job first before worrying about building credit?
Is it alright to job hop until I find something better for myself?
Should I even consider college with my current income?
Should I expect to be paid 15 an hour or below in my early twenties? How can I leverage my degree for a higher paying job?
Sorry for any formatting issues!
Submitted March 03, 2023 at 05:24AM by superman6764 https://ift.tt/vh4tkiC
