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More Information About My Financial Life

November 13th, 2012 at 11:10 pm

Well it has been an overwhelming feeling reading the responses from my first blog post. It has een tough letting people know I was not able to pay for child support, but this is one area I will be working on.

So here is a quick overview of my finances and the bills I have to pay for every month.

Bills:
Housing: None Living in a Foreclosure
Phone/Internet:$86.00
Gas:$60 give or take
Children Expenses around $100
Food: $$425.00
Car Payment: ($250 month)17% interest
Car Insurance (130 month)
Heating (400 ever other month during winter)
Netflix (7.99 month)
Aarons Rentals (79.00) Laptop for School
Rent a Center (120.00) TV over 3/4 paid for
Storage ($45.00 month)

The amount of spending each month is paid from the following money:

Income from me: $717.00
GF $1400.00
Other Income $500.00
Sometimes Income from Child Support From GF Kids $475.00 but have not been getting it.

Spending $1535.00 each month
Income:$2600-$3000.00

We tend to not have any money every week, spending it stupidly, like restaurants, clothes, and other items that do not need to be spent on.

as for work, I was in a bad car crash causing blackout consistently, so I am working to get back into the working world asap as a trucker or an accountant.

Not Sure What To Do.

November 13th, 2012 at 04:32 am

Thinking about saving money, paying off debts, and making money tends to scare me an awful lot. I am so far in debt, and I am currently not making a whole lot of money a month combined with my girlfriends money. I have a hope that in five years, I am able to save enough money, pay off all of my current debts, and have some money put away for retirement.

Well here is a little about me and my financial problems. I am currently only 26 years old, and have accumulated close to $50,000 in debt. The vast majority of the money I owe is due to back child support payments, a problem I brought upon my self dur to immature actions. Roughly 32,000 of back child support is due, along with $10,000 for truck driving school, $2,400 for college so far, $4,200 for car, and a few thousand for credit cards and unpaid medical bills.

The child support payments put me behind $30,000 due to me not keeping track of prior payments, something I did not even think about due to my young age (17). The back child support payments caused me to lose my license, passport, and other ways to make money.

I do make a small amount of money amount from selling websites, but it only averages out to be around $700. My girlfriend though makes around $1,400 plus another $500 from her side job bringing the total to $2600 a month in liquid income.

I hope to fill in more info in the incoming months, as I hope the information provided will help others on their financial dreams.