I graduated college at 32 (went back to school at 27). I turn 35 in 2019, and I have exactly $556 in a 401k I started last year. I have $400 in a savings account that I'm trying to use for a safety net. I have about as much money as a 19 year old kid.
When it comes to how much I owe, between student loans, car payments, and credit card bills it's roughly $50,000. I make $63,000 a year with an expected increase up to $75,000 by August of 2019. I also expect an on-going annual raise of at least 5%, just due to the line of work I'm in.
A long life of horrible money making decisions led to this, but I'm now really starting to feel the time crunch and know I desperately need to buckle down.
Has anybody been in a situation similar to mine and it turned out okay as in being able to retire comfortable or ever purchase a home? I know I'm dramatically behind compared to most Americans my age but I need to hear if it is possible for me to dig myself out of this hole.
Submitted December 28, 2018 at 12:47PM by Downbad2018 http://bit.ly/2Q8xLgv
