I currently have about $8600 in credit card debt. All of my credit cards are 20-25% interest. I just started a new job making about $24,000/year after taxes.
I just moved out and my rent+utilities run me about $350-375/month (got an excellent deal and splitting rent). Groceries, gas and insurance are about $450-475 more. I have no savings and about $700 in the bank at the moment. I'll have about $250 at my next 2-week paycheck due to moving cost, bills and various expenses. After that check, my spending on necessities, bills (paying minimums on credit cards is a bout $200) will leave me with about $100/month for entertainment, booze, extra eating out and increased debt repayment. (I can comfortably get the entertainment, booze, extra eating out to $150/month, leaving the rest of the 1000 for increased debt repayment, savings, etc).
My student loans are about to come due as well. I cannot afford to go to school 6 credit hours to keep this from happening + because I cannot get any more financial aid. I have about $18,000 in student debt and $2000 in interest accrued. I did not graduate and the rates are about 4.2%. I do not have a payment plan for them yet.
I could possibly get my parents to cosign on a loan in the 4-8% range for 3-years repayment, which would save me like $2700 in the 3 years, or $75/month.
Do you all have any tips about where to get the loan, how to handle student debt, how to manage my money, etc?
EDIT: Re-did some math thanks to some very useful comments, and clarified some things.
Submitted August 17, 2017 at 10:35AM by ReallyBadAtAnalogies http://ift.tt/2fOazaR
