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Sorry if this sounds very repetitive to other posts, but I know this community is great, so I am hoping to get some advice.

Here's my breakdown:

Income:

+$2537/mo.

+Paid biweekly.

Savings:

+401k company matched: $26,000 - contributing the minimum for company match.

Expenses:

+Rent: $550

+Internet: $60

+Gas:$40

+Food:$300

+Total Expenses: $1050

Debt:

+Car: $409/mo, $9252.11 balance at 4.25% (409 total. 209 to the dealership and 200 to my aunt since she helped me down the ar)

+CC1: $153/mo, $6677 balance at 16.24%

+CC2: $100/mo, $3089 balance at $17.49%

+CC3: $46/mo, $1889 balance at $19.24%

+CC4: $500/mo, $6476 balance at 20.49%

+CC5: $300/mo, $4023 balance at 21.24%

+Student loans: $222/mo, $17,222 balance at 6%

+Lasik: $133/mo, $3200 balance at 0%

+Total Debt: $1232

I've inputted this into a spreadsheet,and hope to pay this all within 2 years. Even so, I do get overwhelmed and frustrated because its a lot. I've considered opening another 0% balance credit card, and I'm aware that I need to stop spending on that card once I transfer over or else I'd end up right back where I started. Other than that, are there any other options?

Also to note, I am planning on going back to school within another year or two, and know I should pay off my debt before doing so. In the long run, I consider this an investment since I will be making more, but wanted to add this in case this was needed.

*EDIT: Sorry, I meant to specify that I am hoping to pay off just the CC debt in 2 years. There's absolutely no way I can pay off everything with what I make within that amount time. Apologies for the confusion.



Submitted May 01, 2017 at 10:48AM by halpthrowmeow http://ift.tt/2qpqBcj

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