Hello r/personalfinance, I'm in desperate need for some reliable advice and hopefully I can find what I'm looking for here as I just don't know what to do anymore
Backstory:
I've been out of school for the past two years due to my parents needing financial support to pay the bills; they were about to be on the streets, (I initially left school with the intention of continuing the following semester, situation did not improve, now I'm starting again this year) neither parents have college degrees, or useful certifications, they've been making a combined income of sub-20k for years due to inconsistent employment and are both over 60 years old
My parents recently separated, my mother's now living with family and comfortable, my father however, has been living in the same room with me for the past 6 months. We moved Florida after the separation as I had planned on continuing school here (I'm originally from Florida); he's been doing Lyft and Uber as a primary source of income and attempting to sell insurance, however he pays for leads and has had 0 sales since beginning two months ago. The majority of his money goes towards gas or random emergency expenses and I'm lucky to see contribution over $200/mo towards rent/his phone bill of which I pay
I personally earn roughly 18K a year, I've been following up on acquiring a second job until school, I have around 12K in credit card debt primarily from paying my parents bills, and we've been staying at a 200/week hotel, in a terrible neighborhood. I also need to save $1200 for a deposit (2 months rent) by August for the apartment that I signed a fall lease on next to the school I'll be attending (UCF). Tuition and fees will be covered via FAFSA, misc grants, and low interest Stafford loans
What I'm asking is for advice on what to do in my financial situation, I feel as if I can't just throw my dad out on the streets, he has no savings, and no reliable income and no reliable family. He won't apply for a regular consistent job saying they won't hire him due to age
My expenses are as follows ~$160 in credit card payments/mo Rent:205/WK Car Insurance combined: 120/mo Phone:100/mo combined(Dad requires unlimited data for Uber) U-Haul Storage 120/mo Food 30-40/wk Gym 37/mo
I'm doing everything I can to support my father, and earn a second income, but continuing to spiral into debt and living in the same room as him is driving me insane;
TL;DR Dad is living with me and not contributing, I'm in heavy debt for my income and getting nowhere
Submitted March 21, 2017 at 03:23AM by jphall33904 http://ift.tt/2mPkCuY
