Personal Finance Disabled 29 y/o, heating bills out of control and rising. Not sure what to do. |
- Disabled 29 y/o, heating bills out of control and rising. Not sure what to do.
- (CAN) I have begun aggressively paying off my debt - numbers are large but I have only have 40% of the total to go. Despite paying off so much, my anxiety is SUBSTANTIALLY higher than it was when I had more debt. I obsess constantly and am convinced i will never get out of this hole.
- I am living a huge lie- I look, act, and seem financially sound, even wealthy. However, I am a financial failure. I need help!
- Husband might be fired from job, best exit strategy?
- My amazon account was hacked, and someone used a visa in my name (I do not have any visa's). They changed my amazon address so I have that, as well as the last 4 digits of the card. How do I proceed?
- My parents just decided to pay off my student loan debt.
- Should I continue to rent out a condo for less than it costs me or try to sell?
- Can I really afford this home? (First time buyer)
- I used to work as a CSR for a large online personal leding company based in Chicago. Wanted to share some advice and thoughts
- 26 years old, have a phone interview in an hour, never had a job with benefits, what to say when they ask what I’m looking for?
- Went to look into a home loan today and my world came crashing down. My credit is blown to pieces. Need major financial advice on how to proceed.
- Have $500 to $1000 excess a month, trying to figure out what to do with it.
- I'm 27. I've automated my finances with a 6+ month safety cushion. I have a good "mom is proud" job. But I want more to life... Does anyone else feel this way? What would you recommend I do?
- Questions on employee stock options - still confused at this point! Some guidance appreciated.
- Beginning a "side hustle" to gain extra money for future goals. Looking for the best ways to manage my secondary income.
- The most frustrating thing about giving advice on r/personalfinance
- 31, unemployed with student and credit card debt and living at home with my parents. I need help.
- Is there a subreddit for "frugal rehab"? How do I get over being obsessive about money? Unscrooge me!
- Trying to pay off $21k in credit cards and $20k in private student loans - would love advice/critique of my budget!
- 20 years old, $16,000 in debt and just lost.
- 27 and have 5 weddings in the same year
- Slumlord, or wait and buy nicer property?
- Trying to decide if it's better to stay in California and continue renting with roommates or leave and get my own place out of state. Tricky details inside.
- In debt by 22k, most are all credit cards (one loan), with horrible credit score, some help/guidance would be great.
| Disabled 29 y/o, heating bills out of control and rising. Not sure what to do. Posted: 10 Jan 2018 07:51 AM PST Hello! A little about me: I'm 29 and was diagnosed with a rare neurological disorder in my late teens. I was raised in a traditional ethnic community where women weren't encouraged to handle money; so I've spent the last two years essentially teaching myself to manage my finances while living independently for the first time. So far, things have been going ... okay. I've never been late on my bills and nothing has ever been shut off; but I could definitely serve to budget a bit better. Money is extremely tight, though. I only get $750/mo and my rent alone is $425. I currently rent the lower half of a historic home on the outskirts of a major city.There's an apartment above me; but it's only been occupied since November. Since then, my heating bills have been going up steadily. I had the Gas&Electric company come out to check the meter; but they said it was working fine after being replaced in April. Next, my landlord sent out their HVAC guy to check on the heater; but he said it was working fine. The only thing he found was that upstairs's hot water was going through my meter, so they agreed to pay 1/5th of my gas bill to cover it. He also told me to keep my heat on and set low instead of turning it off and on like I had been. For the past month, I've done what he said and kept my home heated around 60 degrees. It's been really bad and I'm always cold -- and in pain since the chill hurts my back and joints horribly. But I NEEDED to save money, so I didn't give into the temptation to turn it up higher. I got my bill last night and it's worse than ever. It's almost $200, just in gas. I'm not sure what to do or where to go from here. I'm including a graph to show exactly how high it's jumped. Any advice would be deeply, deeply appreciated. I cried myself to sleep about this last night because I'm so deeply worried. This feels like the first big financial crisis I've had since I've been independent and I don't know what to do next. It feels like I've exhausted my options and no one is listening. Thank you for any help you guys throw my way. Graph: https://imgur.com/iJhZA3u PS: I should also note that my upstairs neighbors have ALSO been receiving larger energy bills than average. They're equally confounded. EDIT -- Thank you so, so much for all the help, PF! You guys an incredible. After reading through the thread, I spoke with my upstairs neighbor. We're in complete agreement that the landlord needs to come out here and weatherproof the house -- as well as getting the upstairs apartment's hot water on their own meter. We wrote a joint letter together and sent it off to our property management; so we should hear back soon! In the meantime, I'm going to try to seal the windows myself since the house is horribly drafty. I also called the gas company out today to investigate the place I was smelling gas; but they determined it was just a normal little bit that gets let off when my upstairs neighbor turns on his stove. They said it was safe; so I'm going to trust them. Thank you to the multiple wonderful people who offered to get me heated blankets or food. That's very kind of you all and far too generous. LGBTQA+ shelters could use that kindness far more than me; especially during this time of year where a lot of teens end up on the street, cold and abandoned. Here's a way of finding some in your area, if you want to help!: https://www.lgbtcenters.org/LgbtCenters And thank you again for all your help so far. I'm reading every comment and taking all the advice to heart. It means a lot to mean. I'll update you guys when I find out more! [link] [comments]  |
| Posted: 10 Jan 2018 08:58 AM PST Has this happened to anyone before? Why is my anxiety increasing instead of diminishing now that i'm starting to tackle the debt [link] [comments]  |
| Posted: 10 Jan 2018 10:06 AM PST Hi Reddit, This is something that has been keeping me up at night. I feel like a total and utter failure financially. A little background: I am 29 years old, newly married. I own 2 businesses on my own, which are quite successful. I have a lot of media presence, even with some of the biggest financial media groups in the world, no lie. However, all this is a sham, it's a front. I look, act, and feel successful, but I'm not. I look, act, and seem successful to my family and peers, but I am not. My current situation is(excluding my wife): -Pay myself a salary of approximately ~125,000 Annually -Savings is about 14K -Student loans at 60K -Credit Card Debt of 12K -Lines of Credit Debt of 3K -Checking account average ledger of ~1,200 -Lease a car @ $799/month -Monthly living expenses(rent, tv, con ed etc) of ~3K I am sure there's more I am missing, but I feel like I am doing so much wrong. Somehow, even with my businesses handling my gas, eating, and other minor expenses, I end up with too much bill and not enough month. Last month, my wife and I finally began looking into homes and I realized I had to admit to her that we couldn't afford it as we don't have enough saved and I was afraid of the mortgage and other expenses. I've never felt lower. Guys, please help me- I can't live this lie anymore. What do I do? [link] [comments]  |
| Husband might be fired from job, best exit strategy? Posted: 10 Jan 2018 09:13 AM PST My husband has been with a security contractor for just about two years, working as the warehouse manager. He's 23 and not making a ton of money doing it (roughly 18k a year.) His boss doesn't like how he does the job, and we've known that for a while. My husband has continually tried to meet his bosses's expectations while also taking on workloads of some of his coworkers. This morning he found out from a coworker that his boss was showing another guy around the warehouse, someone who has been confirmed to be his long-term friend (this is after hearing whispers of him being replaced for a while.) This is most probably what we think it is (him being replaced.) We were planning on finding him a more suitable job with better pay anyhow, but we expected to have a few months to make the transition easier. We've been living mostly from paycheck to paycheck, even with my supplementary income, and we don't have any savings (I know, we were trying.) What would be the best, most graceful exit strategy here, in your opinion? If this happens very quickly, I'm looking into unemployment while we scramble to find a new position. Additional question: My husband has 4 years sales/pr experience, are there any jobs in particular that you would recommend he apply for? Thank you very much in advance! [link] [comments]  |
| Posted: 10 Jan 2018 08:51 AM PST The card that they used was tied to the address that they changed my account to (it is only a few streets away from my house). I have pulled my credit report and do not see any new accounts on there, and my credit karma reflects the same. Amazon will not give me any more information about the card that was used. What can I do to protect myself? Is this enough information to present to the police or should I attempt to collect more first? edit: amazon suspeneded the account for 10 days due to suspected fraud and removed all the cards from the account. edit 2: here is a basic (ok in depth) timeline of the events. after xmas i got home and checked my bank account and noticed a few hundred dollars in charges that I never placed. I also had a couple of duplicate packages of items that I had already ordered (and received) on my doorstep. Thinking this was an error, i checked my email, and saw no emails from amazon. Tried to log into my account, and I was locked out. I called amazon and they said it was flagged for suspected fraud, but that they were issuing the refunds and that I would hear from the fraud team in 2-3 days. I canceled my bank cards/changed email password/monitored activity/awaited a call from amazon/waited for my refunds as I needed the cash. Call never came nor did the refunds, so i called them 7 days after my initial call, and they assured me the account was being opened that evening and that the refunds would be processed thereafter. 4 days later and still nothing. So I call again. They unlock my account but insist that the refund had been issued the day of my initial call and that it should ahve gone through. I insist that it has not. They say it went onto a different card than the one I was claiming that the charges were on. They say that this is impossible as it i was charged to a visa (the phantom card) and that is who they refunded. After arguing for 30 minutes and being passed up the chain, finally someone from amazon fucking SCROLLS DOWN to see the charges on my real card, and apologizes and refunds that. They give me the last 4 digits for the phantom card and confirm that the address it was tied to is the address that my account had been changed to. [link] [comments]  |
| My parents just decided to pay off my student loan debt. Posted: 10 Jan 2018 04:26 PM PST I just got the news last night. My parents mailed a check to Navient paying off my student loan debt after receiving a large windfall over the last couple of years. [link] [comments]  |
| Should I continue to rent out a condo for less than it costs me or try to sell? Posted: 10 Jan 2018 07:06 AM PST We had made a decision 5 years ago to buy a house for my growing family and move out of the tiny condo I owned. At the time the condo was $10k underwater from the housing crash, so we decided to rent it out until we got out from under it. This is the current situation: Monthly, the condo costs me $990 (mortgage, insurance, taxes, common charges, sewer), I'm paid $800 in rent, and so I have to make up the $190 difference each month. I've been looking at it as an investment this way: Since the principle portion of the total expenses is $490, my $190 payment is ALL going to principle. As long as the housing market is stable or is growing the $190 payments I make are building the equity, which will eventually be in my pocket again when I sell. The risk I am taking is that if the market turns I will loose that equity. I've since built up ~30k in equity. Am I thinking about this rental investment correctly or should I try to sell the condo since I'm not underwater anymore? Side notes: On raising the rent: The landlords I know that raise the rent every year have a high turnover and often loose out by having a vacant rental. My tenant has been very good and stable for 5 years, so I am not giving him a reason to look elsewhere. If I had a high turnover I would be without that income for a few months and may end up with a crappy tenant if I'm trying to get it rented quickly. When they do eventually leave I will raise the rent to the current market value, which would be about $900 and still less than the total expenses mentioned above leaving me in a similar situation. On managing the condo expenses: I aggressively put extra to the principle, shop for insurance, and have refinanced to pay less interest on the long term. [link] [comments]  |
| Can I really afford this home? (First time buyer) Posted: 10 Jan 2018 08:11 AM PST Hi Everyone, I'm looking for some advice as a first time home buyer. I'm looking at a home that is listed at $400K. I want to get another opinion if this will responsibly fit in my budget and lifestyle goals.
What do people usually do? Am I an idiot? How much do people generally recommend saving for other short term goals per month ( I know this is case dependent, but maybe other examples might help). Thanks in advance for any suggestions! [link] [comments]  |
| Posted: 10 Jan 2018 04:02 PM PST Hi I worked as a CSR rep working in the originations department for a large online personal lender in 2015 for a few short months and wanted to share some of what I saw working there.
[link] [comments]  |
| Posted: 10 Jan 2018 12:10 PM PST I've worked service industry my entire life. I have no idea what a 401k is or company provided insurance or any types of benefits, but I don't want to sound like an absolute idiot if they ask me about it during this interview. Can you guys help me out? Edit: Thanks for all the replies guys. The interview went well hopefully I hear back soon about scheduling a face-to-face. [link] [comments]  |
| Posted: 10 Jan 2018 01:19 PM PST My wife and I went to the bank today to look into a home loan and I received the news that my credit is 540. I was shocked. I knew it was bad, but didn't think it was that horrible. So here's the marks I have 4 charges offs. -credit card; $1,156 -furniture loan; $347 -old bank account; $405 -cellphones; $3,136 I also have two accounts in collections - broken rent agreement; $813 -insurance payment; $226 I know it's so irresponsible I let it get that bad, but I truly want to fix it, not just for me but for my wife. I want to be able to give her the home she desires. So my financials as they stand are. +3,400 monthly income after taxes. -660 rent bills included. -450 child support. -316 car payment. -250 insurance for me and my wife -225 cell phones for me and my wife. -80 internet. What are my best options. First steps? What should I start paying off? Is it ok to settle for less then owed? Any and all advice appreciated. Thank you. [link] [comments]  |
| Have $500 to $1000 excess a month, trying to figure out what to do with it. Posted: 10 Jan 2018 02:32 PM PST 24, 35K a year. 10% to 401K a month. Loans and rent taken care of and prepaid for the next 2 years. I am just trying to figure out whats the best way to invest or set up a healthy savings account. [link] [comments]  |
| Posted: 10 Jan 2018 10:28 AM PST I'm 27. I've automated my finances, so in a good place. I make ~$60k/yr net. But I want more then what my job and life trajectory provides right now. I don't necessarily want to be "rich," but I want to be rich enough to be able to shop at Whole Foods and not worry about it, get ski passes without feeling guilty... Just enjoy the things I love (skiing, mtn biking, surfing) without an underlying nagging feeling that I'm being irresponsible in other aspects of my life. And also get a peace of mind that one day I can start and support a family, own a home, etc. That kind of stuff. I'm a go getter, and don't just want to sit around at a job while automation slowly helps me save more, add more to my 401k, etc... Does anyone else feel this way at work, in life? What can/should I do to get to that life faster? Any advice on next steps? Appreciate any advice! [link] [comments]  |
| Questions on employee stock options - still confused at this point! Some guidance appreciated. Posted: 10 Jan 2018 05:10 PM PST Hi everyone. I have reviewed some of the posts made here and elsewhere but when comparing what stock options are offered to me to the information I'm seeing, it's not really lining up for me. So I was just offered stock options having been with my company for over a year. It states the following: "500 Options to purchase Shares (which, as of the Date of Grant, represent the right to purchase Class C1 Redeemable Shares, 500 C2 Redeemable Shares, 500 Class C3 Redeemable Shares, and 500 Class C4 Redeemable Shares)" I am unsure what C classes are and dunno if this means I can purchase a total of 2000 shares of various classes since it specifies "and". Is my thinking wrong? It mentions an exercise price of $25.00 per share. I have tried to understand what it really means. Am I paying $25 per share at 500 shares (or 2,000 shares)? The problem is... given my knowledge of the company, I don't think they are worth $25 per share. They're worth something but not at that price. Am I understanding this wrong? This is a NSO which means I'm going to have to consider paying upfront in taxes (83b form) if I want to go ahead with this. The vesting schedule is 25% of the total options will be available on the first 12 months. That means 125 options @ $25 per share, right? That makes it $3,125 that I have to chip in? It then states that I will have the remainder of the options vested for 3 more years in a monthly installment. So at 375 options remaining divided by 36 months, it would be about 10 shares per month ($250/month). I think I'm already interchangeably using options and share. They appear to be the same to me. Finally, it says: "By delivery of this Notice of Exercise, I am irrevocably electing to exercise options to purchase class C redeemable non-voting shares having a nominal value of US $0.01 per share..." Why does it have a nominal value of 1 cent per share? Dunno if I understand this. I felt very uneasy about this. Feels like a scam, lol. Thoughts, please. Thanks! [link] [comments]  |
| Posted: 10 Jan 2018 06:41 AM PST Now into my late twenties, I have several financial goals I am looking to accomplish including taking the next steps with my long term girlfriend, boosting my savings, and getting a down payment for our first place. I'm also very interested in rental properties and am looking to gain capital to get that business off the ground. In order to so I'm exploring multiple side income opportunities including driving for Uber and am looking for the best ways to maximize my side money. I do not plan to touch of the money as it is all earmarked for my future goals, however I know that there will be expenses (namely gas) that I will need to pay as well. I have seen many suggest online savings accounts with high interest rates. Would you suggest placing the majority of the money earned in an online savings account and transfer a portion to a separate checking for expenses? Is there another way to better handle the money earned to achieve my goals at a faster pace? I want to make sure I am going about this as efficiently as possible. [link] [comments]  |
| The most frustrating thing about giving advice on r/personalfinance Posted: 10 Jan 2018 06:15 PM PST I started becoming more active in this community a little over a month ago, and I've really enjoyed it. When someone says "thank you, I will do that," I feel like I've made a difference in the world. And I've learned a lot considering different unique situations, lessons I'll take with me. Anyway, on to the clickbait title and my point: If someone is asking for specific advice, they need to provide relevant numbers to get that. It becomes more difficult and results in conjecture/a back and forth/conditional statements when they do not. What does the community think about changing the reminder, which is currently: "Make sure you include enough relevant information about your situation or the topic so people can respond helpfully." I would like to see a change to "Make sure you include enough relevant information about your situation or the topic, including numbers, (including italics in the reminder) so people can respond helpfully." [link] [comments]  |
| 31, unemployed with student and credit card debt and living at home with my parents. I need help. Posted: 10 Jan 2018 05:53 PM PST Just as the topic explains, I'm living at home with my parents at the ripe age of 31. I currently have no job and have student and credit card debt. I have just over 39k in student loan debt and about 3k in credit card debt. I am looking for work but half the time I hear I'm over qualified or I get no response at all. I am desperately looking for a job and also a way to take control of my finances. My job experience is in retail / customer service but my passion is in graphic design and art direction. My portfolio is currently incomplete but my main concern and priority is to find a job that will allow me to start taking my debt down. Thank you in advance for any sort of advice and help. [link] [comments]  |
| Posted: 10 Jan 2018 01:46 PM PST I know this is kind of out of the usual scope of this sub, but bear with me, or let me know if you think there's a better place for this. I've spent a lot of time struggling financially. There was never enough, never enough, never enough. So I made changes. Got a budget. Started making more money. The whole nine yards. And I'm proud of myself, but I still don't feel financially secure, even though I now have enough to support my family and our lifestyle, for the most part. I'm still obsessive about money, concerned about every penny, stressed about bills (even though logically, I budgeted for this! I know I can pay it!). I keep very detailed records and am anal-retentive about every penny, to be honest. I live an incredibly frugal lifestyle, which I didn't really think was a problem, until today when I blew up at my fiance when I noticed a mere $50 was missing from our bank account and I just knew he had spent it on something frivolous, when he KNEW we needed the money! How could he??? Well, it turns out it was just for gas since he's been driving more often this month for various reasons and had already exhausted our budget for that. I apologized profusely but I hate that I was so money-focused in the first place that it caused me to blow up at him. So, PF, how do I get over my miserly ways? Now that we're out of the woods, how can I get the dollar signs out of my eyes and quit nickel and diming every situation, to the detriment of my family's happiness? How do I keep my good habits and stay secure without obsessing? [link] [comments]  |
| Posted: 10 Jan 2018 04:28 PM PST I just graduated with my masters degree, and in the process racked up quite a bit of credit card and student loan debt. Specifically, my husband and I have $21,000 in credit card debt. I also have $20,000 in private student loan debt. I also have a really large amount of federal student loan debt, but I'm not trying to pay that off right now - just make minimum payments until it can hopefully be forgiven under PSLF. I already processed all the panic, regret, self-loathing, and other fun feelings, and now I just want to pay all this off as quickly as possible. I've double- and triple-checked this myself, but I'd love a fresh set of eyes on it!
Debt Sources
Monthly Budget: Bills
Monthly Budget - Living Expenses
I plugged this into unbury.us and it looks like I can pay off the Line of Credit by May 2018, the Cap. One card by August 2018, WF Card 1 by November 2018, and WF Card 2 by May 2019. I can link the chart if anyone would like to see it. In January of next year, my student loan payments are going to go from $527 total to $990 total, so our main goal right now is to have as much credit card debt as possible paid off by then so we can continue to throw as much money as possible at the biggest credit card and my private student loans. Because of that we chose to do the snowball method of paying off the lowest cards first.
I do have plans to make extra money by picking up a second job at about 8-12 hrs/week starting in March. I'll also be able to work a summer job, so in June, July, and August I'll make about $3,750. My plan right now is to put that and any other extra (tax returns, gift money, etc) in savings, does that seem wise? Or should I use it to pay off debt as well?
So does anyone see anything that I'm missing? Does this plan seem reasonable? Are there any other debt pay-off strategies or websites I should look at?
Thanks in advance! [link] [comments]  |
| 20 years old, $16,000 in debt and just lost. Posted: 10 Jan 2018 12:37 PM PST Hey everybody I'll try to keep this short. I'm 20 years old, split rent with my brother. I pay out ~$1,000 a month in bills and make ~$1,800. $12,000 of my debt is on my car, the rest is spread among a Best Buy card, Newegg card and a $2,000 personal loan. How could I begin saving up money and also take the next step toward a better paying job? Income is the biggest factor, I can penny pinch all I want but if I don't make enough, I just don't make enough. College was my main goal, but people keep reminding me it doesn't guarantee a job and I could just be wasting time/money. If I took the college route it'd be for IT/Computer Science. Sysadmin, devops, app/gave developer, etc. If I chose the happiest route it'd be music/being a music manager. I feel like music is a far fetched dream that takes a ton of time and energy and you have a 1 in a million shot of getting anything out of it. Just a lost young adult needing some advice, thanks all in advance. Edit - expenses Rent - $300 Phone - $80 Insurance for car - $220 Car payments - $260 ($12,000 total) Credit cards - $55 (minimum, $1,500 total) Personal loan - $90 minimum ($1,800 total) My grandma - $100 a month just because she loaned me some money to help me out. (A lot total, sounds sad to say but I'll basically be paying $100 a month to her until she passes. She's turning 86 in March.) [link] [comments]  |
| 27 and have 5 weddings in the same year Posted: 10 Jan 2018 06:19 PM PST Curious how you budget for weddings - this year I have 5 coming up, all of which are good friends. On top of that, 2 I'm in the wedding party so there is all the added costs there. I'm attempting to build my safety net, future savings and even save for a home but having difficulty finding a balance when this part of life hits. Edit: Appreciate the feedback everyone. Didn't want to come off as putting money before close friends but I'm also not trying to go broke! [link] [comments]  |
| Slumlord, or wait and buy nicer property? Posted: 10 Jan 2018 06:11 PM PST I want to buy a rental and start investing but I don't have very much money saved. Should I pay cash for a dirty $30K house in a horrible neighborhood, or should I instead try to buy a $100K house in a much nicer area, bringing in much higher rents, by putting 25% down and financing? The later seems like less headaches. But I don't have the cash to do it right now. I could however combine my savings with a personal loan and then buy a $30K house. What should I do? Also, please refrain from saying something along the lines of "what if a furnace breaks, you need a huge emergency fund". I'll still be working a day job, repairs aren't going to break me, and I have extensive lines of credit to fall back on too. My only current debt is my primary residence. [link] [comments]  |
| Posted: 10 Jan 2018 03:37 PM PST Currently 39 years old, living in Glendale CA. I work mainly in the gig economy (Instacart driver) and make about $35K gross, $31K net. About $1900 in savings, my only debt is a car loan for about $5K, but last year's taxes are looming and are probably going to hit me for about $3500-$4000 (yes I know I should be filing quarterly, but I only recently got out of CC debt and wasn't putting money away as a result). Here's the predicament. I've been sharing a 3-bedroom apartment with 4 roommates since 2010 (the 4th roommate came on in 2011). My share of the rent is currently $575/mo, but the lease is up in April and will likely surge to about $775/mo given that one of the roommates has recently moved out. (He's still paying his current share of the lease over here though, so no worries there.) All of us moved in together because we were all hoping to find work in the television business. Two roommates have succeeded in doing so (including the one who just moved out). The other two not only haven't gotten anywhere, but one of them has stopped looking altogether and the other is in such bad health and has so little motivation that it's unlikely he'll get anywhere, plus he's 42 y.o. already. I'm kind of in the middle - I've been told that I've been looked at for researcher positions and things of the sort, but no job offers. 2017 was meant to be my "shit or get off the pot" year, and nothing came of it. I've been looking at potentially moving out of state to get away from the nosebleed cost of living I've been dealing with out here for so long. It feels like if you don't work in show business or otherwise have an actual career, there's no reason to live in LA or its vicinity. With just a little bit of searching I was able to find a 1-bedroom apartment for about $600 in places like Reno and Vegas. Instacart serves both areas, so getting transferred over shouldn't be too difficult (although I want to make it clear that this is not what I consider a career and would want to find gainful employment once I relocate). I'm having a hard time making a decision here because A) I've wanted to work in TV my whole life and moving away would essentially be forfeiting a dream; B) I don't really have any job experience outside the gig economy so I'm unsure if I can find work better than what I have; C) I'll be alone for the first time ever and I'm worried what solitude will do to me; and D) I don't know if the finances are there unless I sell my car or do something else similarly drastic. I have a retro video game collection that's probably worth about $1000 but that's pretty much it in terms of assets. The tax bill is especially oppressive - it took me until September to pay it off last year (again, didn't pay quarterly) I could definitely use some outside perspective here to see what the best course of action here is. One of the roommates who's been more successful wants to move closer to Hollywood proper, but rent is close to $2000 for a 2-bedroom unit there and I know that devoting that much of my income to rent is a disaster waiting to happen. The other option is the remaining four of us re-up for another year, but again paying $775 for my own bedroom when I might be able to get my own place for less seems silly. (For the record, we get along just fine; I think we've had two actual fights in the seven years we've lived together.) Any help would be greatly appreciated. [link] [comments]  |
| Posted: 10 Jan 2018 09:01 AM PST Throwaway for embarrassment) Reddit, I've screwed up. I foolishly spent money that wasn't mine, using credit cards for nearly 4 years, and now I'm not able to meet the payments in time because of my negligence. Combined with all credit cards, I owe 3 banks, 22,120 and I'm months behind on payments, and no matter what I do, they balance does not seem to change. Bank of America: CC1: $2,963.21 at 23% APR CC2: 6,476.50 at 23% APR Chase: CC1: 7,516 at 22% APR Avant: Loan: 6,000 (with 3k paid off at 11%APR) The remaining amount is from having negative balance on checking acct I'm months behind on the credit cards, but doing ok as far as keeping up with payments with Avant. My monthly expenses lowered since I moved from Chicago, back to my parents' house in NC. Rent-wise. I make 15/hr as IT Support Desk Technician. I do have a car I'm paying for, currently have 10k left and making monthly payments to that as well, 400 to be exact. I've tried to see if I qualify for Debt Consolidation Loans, but my credit score is so bad, I was rejected immediately, I'm currently at 510. I just need some help on what steps to take, if any. I don't want to do Bankruptcy, unless it's my only option. Hope this helps, I'll provide more info if required by any of you. [link] [comments]  |
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