I’m new to budgeting and need help. It’s not pretty. I had to take out a private loan because once you get a Bachelors degree you can’t get anymore financial aid if you get an AAS. Here is my debt:
-No emergency savings -$350/month for student loans on income driven plan ($47k) -$231/month ($6500 at 24.36% interest) for private loan I had to take out for school -$231/month for car loan($11,000 at 8% interest) -$50/month Care Credit for dental work ($1500 at 25% interest) -$50/month for Wells Fargo credit card. Currently at 0% APR until September when it goes up to 25% interest ($4400) ————— $70/month for cell phone $127/month car insurance (that’s the cheapest i can get it... San Antonio has extremely high rates even though I’ve never had a ticket or wreck knocks on wood) $12 Spotify $53 Wi-Fi $1000/month for rent (including utilities) $20 renters insurance $350 for food, gas etc
I work 40 hours per week and make $23/hour. I plan on taking on a second job making $24.50/hour and working there 2 days. It’ll net me $2600 biweekly or $5200/month.
How should I attack it? I realize I’m in a really bad shape and I’m hoping a year from now I can look at this post and grow. It depresses me so much :(
Submitted April 04, 2019 at 03:45AM by Lizmc615 https://ift.tt/2WMzLz4
