Rorymullen's Personal Finance Blog

I have started a finance and investment forum that I would like others who are starting out on their finances to talk about different problems. With the creation of the forum, I hope others can gain knowledge in the finance field while learning positive investment ideas.

If you are interested in posting on some of the forum topics, go to [url]http://howyoucanmakemoneytoday.com/finance-and-investing/[url]

Updating of the forum will be down on a daily basis, ensuring users will have a safe area to learn. I hope you come and visit and partake in some clean and educational fun.

The New year has come and gone, and I feel like it will be a much better year. Our finances are looking better with the increase in earnings coming from my girlfriend and I. We hope to be able to complete some of our goals we set aside for ourselves this year.

As with all new events in peoples lives, I feel it is imperative to start off all new goals with a well laid action plan. Our families major goals will be simple, yet needed for us to continue on with our successful lives.

Goal one would be paying off rentals, and half of our car loan. The total amount would be $3,000 an obtainable amount of money if we save and use our money properly.

Our final goal is to save up $5,000 into our emergency fund. This would allow us to live a little more comfortably.

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.

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.