Hi everyone! I’ve been reading these for a while now but it’s my first time asking for help. I have racked up $18k in credit card debt for no other reason than I made bad choices. The debt comes from spending on dinners, vacations, clothes, make up, furniture etc that I could not afford. Here is some background info about my finances:
My salary is $58k annually and take home pay is $3500/month(Canadian, very taxed) and 5% of my salary goes to retirement with 100% company match.
Rent $1100/month(cheap for GTA area) Phone $110/month Gym $51/month Yoga $70/month Internet $100/month Electricity $70/month Subscriptions(apple music, netflix, disney+, amazon) $40/month Groceries ~$300/month(not sure of exact amount) Pet expenses ~$100/month
I don’t have any other big fixed expenses - no car(job pays for transit), school loans are paid off. Just 2 credit cards; first is at $3900 and the second is at $14,000 with the same interest rate.
I spend ~$3000/year on maintaining my appearance (nails, skin treatments, cosmetics, hair appointments, botox, supplements, hair/skin products etc) not willing to give this up, I’m vain.
I am not sure what my next step can be considering all of my debt is just me being stupid. I think my expenses are fine for my salary, but I spent over $5000 last year on restaurants and over $7000 on clothing. I pay off over $1200 every month but just keep spending more.
I’m almost 27 and watching all my friends get married, buy homes and start families and it feels like I’m so behind and don’t know how to get out of the mess I put myself in.
Thank you to everyone who made it this far!
Submitted June 02, 2023 at 07:14AM by ilovepugs17 https://ift.tt/VjL5auB
