I’m a 20 year old male living in Kansas. I make about $1600 a month and practically half of it goes to my car. I pay a little over $400 for my car payment and $350 for my insurance. That’s basically $800 just for my car. I also have $220 in mandatory bills (phone and a loan that I had to take out due to an emergency). I do not have to pay for living expenses.
I needed a car for work and I ended up buying a brand new car back in November of 2018. My insurance was a lot cheaper in my previous state but my recent move to Kansas increased my insurance by a lot. I’m open to any advice. I already have the bare minimums in my insurance. Right now, I really just want the cheapest auto insurance possible just to meet the requirements. I only really drive to work which is 5 mins away. I’m also open to selling/trading my car but I know the value goes down as soon as it’s driven off the lot so I really don’t want to do that unless it’ll really change my monthly finances.
I know I made some poor financial decisions but this post isn’t really for judging me on that. I already know the hole I put myself in. I have no family or close friends that are able to really help me out so seeking for a co-signer is definitely not an option. I’m 20 years old so there’s probably still some things that I don’t know about. I’m open to any discussion.
Submitted February 03, 2019 at 09:54PM by SoloBlessings http://bit.ly/2Bj2pzn
