So, I [27, M] moved back home roughly two years ago and up until the last 6 months, I had $10,000 saved from absolutely nothing before I moved back. I started gambling very heavily, on top of going to trade school which I am paying out of pocket for with no help from my job (about $1,200/year for 4 years) and maxing out my credit card (now $1,900 in debt).
My monthly expenses consist of a $310.00 car payment (new vehicle, second new vehicle purchase in the past 8 years), ~$130.00 in car insurance, $90.00 phone bill and $200.00/month in rent. My credit score is currently somewhere between 650-660.
My girlfriend and I are currently in the process of looking to move into an apartment to start our lives together after two years of being together and I’m not sure she realizes how bad of a position I am in. My parents are also unaware of what I have in the bank (I currently have $5,000 left in savings).
How do I go about turning this around and what would be the proper first steps to take? Should I pay off my credit card first and start slowly saving again or should I keep saving and slowly chip away? I would like to keep as much in savings as possible but either way, I’m spending the money I guess.
Thank you!
Submitted April 29, 2019 at 07:08AM by filthbinge http://bit.ly/2VBLMKz
