Ok, so as I said, I'm 31, divorced, have a 4 year old son. I was an idiot when I was young and racked up a lot in student loans, and never finished school. I joined the navy, got a good sign on bonus, paid some down. Got married, had child, got out of the navy, got a job. Then the divorce, all of my expenses were contingent on 2 incomes, now its just mine and I am paying out more than I make.
Here's my breakdown:
- roughly 60K in Student loans, combination of Federal, private, and a parent plus in my fathers name. I pay about $650/month
- Rent - $850/month
- Car - $210/Month
- Insurance - $150/Month
- Credit Cards - 2 with a combined balance of around $3000, $200/month
- Daycare - $200/month
- Electricity - $100/month
- Phone - $50/month
- Gas/Groceries - estimating about $300/month
- I don't eat out anymore, don't really do much trying to save any penny I can
I take home around $2,400/month now
I know I need to start making serious changes, I just got my credit report, its not good, in the mid 500's. This is the first time I've actually addressed a lot of this, being that I have huge anxiety and just sort of shut down about it for a long time. I have no clue where to begin. I'm looking for better paying jobs, but for my area with my background most offers are for less than I currently make. There is no raise in sight here though. I lurk this sub frequently, and most solutions I see suggested seem so out of my reach and daunting that I just freak out and run away (I know, not healthy, I'm dumb) but I am starting to make this my priority NOW. My son deserves better, so do I.
Thanks for any feedback
Submitted August 08, 2017 at 10:51AM by Mlc5015 http://ift.tt/2ulXaxd
