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.
Not Sure What To Do.
November 13th, 2012 at 04:32 am
November 13th, 2012 at 10:34 am 1352802874
November 13th, 2012 at 11:44 am 1352807072
Don't count your current girlfriend's income as your own. It is his and her money until you marry. Can you get a job?
November 13th, 2012 at 12:19 pm 1352809196
Currently I am not able to get a job, due to the fact I stay home full time so my gf can go to work.
November 13th, 2012 at 01:05 pm 1352811939
November 13th, 2012 at 06:31 pm 1352831460
If you share your numbers, people will be happy to jump in and advise you. Sometimes there are some suggestions that may not occur to you otherwise.
November 13th, 2012 at 06:33 pm 1352831593
November 13th, 2012 at 07:23 pm 1352834616
November 13th, 2012 at 09:16 pm 1352841379
Also, I know that you said you can't work right now, but trucking can be good money. I'm sure you know that already, so I think part of the plan should be to get on the road as soon as it is feasible to do so.
Forgive me if I seem bossy. I have been there before as well, and so your plight resonates with me, and as such, feel the need to respond.
November 13th, 2012 at 11:13 pm 1352848394
November 14th, 2012 at 11:41 am 1352893306
also where is the $900 extra in your budget going? Back child support etc?