I’m literally struggling to pay my credit cards minimum. I have two cards, first card (discover) totaling about $19,300.00 and the second card (bank of America) totaling about $7,900.00. The minimum payments just keep getting bigger and this is considering the fact that I’ve stopped using them and I just keep paying $1 more than the minimum. Just this month my discover card exceeded the limit just bc of the interest that was charged right after I paid the minimum. I don’t even know how that works or what I can do to stop it. I’m single, bought a home in 2022 and have no kids, just 2 dogs.
I make about 40,000 a year, my take home a month is about 2600. Usually I average about 1300 every two weeks in my paycheck. At first I was fine! Living paycheck to paycheck but I could afford small treats. But the cards started getting bigger and I’m just stuck choosing which bill is more important to pay without risking losing my house, or getting a utility cut off. Now with october coming student loans have to be paid. Thankfully got on an IDR plan and it lowered my payments to about $70. My student loans are worth about $50,000. But I have an education award I plan to use to make minimum payments on that, I’m thinking it’ll last about 2 years and 3 months.
I’m just really drowning at this point, and I’m running On fumes and blessings from my parents. They are literal saints who without asking send me about $200 or more a month I beg them not to but they have my info and send it straight to my bank. Bc of that money it basically pays my groceries, gas, and a bill or two. I could use any advice… tips tricks or anything I could look into. I’m literally looking into anything even bankruptcy but as a single person with no kids, there’s hardly any advice I can find.
Currently this is my monthly bills for October.
- [ ] House - $1922.00 (1st)
- [ ] Phone - $55.00 (2nd)
- [ ] Apple cloud - $2.99 (2nd)
- [ ] Electricity- $150.00( 6th)
- [ ] Internet- $83.60 (10th)
- [ ] Student loans -$149.48 (11th)
- [ ] Amazon sub - $16.23 (11th)
- [ ] Water- $158.22 (14th)
- [ ] Bank of America- $248.00 (15th)
- [ ] Discover- $452.00 (20th)
- [ ] Nelnet - $68.29 (25th)
- [ ] Alarm- $67.05 (28th)
Currently in my checking I have 29.82 (just payed all my bills for September) Come this Friday 9/29 I’ll get paid about $1300.00. I rent a room in my house for storage for $500 a month (sibling who travels for work so they decided to not renew their lease and offered to help me in exchange I hold their furniture)
I feel like my whole post is a mess of my frantic thoughts but anything I’m missing to look at or need to know to help is appreciated….
Submitted September 27, 2023 at 12:36AM by Jojoheroo https://ift.tt/3G1Rbx6
