I 19m currently make about 2900$ a month and have zero have housing based expenses as of right now thought that may be a possibility within the next year though it’d he 50/50 with my gf
Anyways I recently bought a brand new car for 28k though the interest rate is insane and the payments are 650$ for 72 months starting in 2 months w insurance being around 300$
And while I know that was pretty stupid to do , I’ve had car troubles in reliability for the past 3 years & this new car is under 300miles w a bulletproof engine , double the mpg & has a good resale (honda ofc) whereas my old one was a 400$/m time bomb lease from a BHPH & I NEEDED to get rid of it.
But my biggest mistake was being impatient and deciding to make a 2k downpayment with my 3.5k limit interest accruing credit card , which added more debt & I still have 1400$ worth of debt on a card thats still interest free for the next 4 months which adds even more debt.
Last but not least , I still have the old car and cant give it back cause I lost the key a day after getting the new one (yes i can give it back for 500$ , Weird BHPH stuff but its legit) and I NEED the fastest way to save and budget myself out of this so I can feel at ease again.
CC Debt: 4,400 - Car 850/m ect
TL/DR: HELP ME
Submitted August 26, 2024 at 11:20PM by Educational_Law_4330 https://ift.tt/S27XONW
