Please read the below. I am seeking advice.
Credit Card Balances:
Discover
Balance: $0.00
Minimum Due:
Due Date:
APR: 28.24%
Apple
Balance: $170.19
Minimum Due: $25.00
Due Date: 02-29-2024
APR: 27.24%
The balance should be $0.00 but a couple of months ago I forgot to change the payment method for a bill.
Amex Blue
Balance: $1,473.30
Minimum Due: $51.15
Due Date: 03-05-2024
APR: 29.99%
Chase
Balance: $1,616.82
Minimum Due: $54.00
Due Date: 03-11-2024
APR: 27.49%
Amex Gold
Balance: $1,749.55
Minimum Due: $57.07
Due Date: 03-19-2024
APR: 29.99%
Citi
Balance: $6,078.22
Minimum Due: $61.00
Due Date: 03-15-2024
APR: 0% APR (expires on 11/24/2024; go-to rate is variable rate of prime rate is 8.50 + 21.49 = 29.99%)
I completed a balance transfer with this car that consolidated Discover and Apple card debt in November 2023.
I have not used my credit cards in 6 months. I always pay the minimum. M credit score is 710.
Monthly Expenses:
$94.00 - Phone Bill - 1st
$16.41 - YNAB - 1st
$117 - Car Insurance - 2nd
$2.99 - iCloud 200GB -10th
$350 - Rent - 15th
$50 - Doctor - 15th
$1.99 - Google One 100GB - 27th
$21.77 - AMC A-List - 27th
$9.99 - Google One 2TB - 29th
I have storage I pay for different accounts I have that hold a lot of documents. I could not figure out how to move photos. I need to fix that.
I know there are other expenses, but right now I am trying to learn budgeting and appropriate amounts to spend for example food.
I get paid on the 1st and 15th of the month.
I have $1,369.49 right now. $1,000 is an emergency fund that I believe I am supposed to have according to personal finance.
I will be paid approximately $1,500 on the 1st of this week.
I work 40 hours a week at $17.00 an hour.
Last year I made $28,039 (after taxes and benefits) that went into my checking account. I am expecting to make around the same.
I am 22 years old, have a GED, and work as an underwriter (strange business model because I quote customers and the agent sells it) at a small insurance brokerage. I will have worked there for 6 years in June.
A lot in my personal life happened in the past few months. I am in a safe environment now is the best way to summarize it. Currently, I live with my mom. My mother's car which she let me was letting me use as my own is now the only car we have. Dad was abusive and finally left (there were two cars.) I work at the same office as my mother so we drive to and from work together. I decided that I want to be a nurse and want to pursue college. This will also allow me to make more money. I need to buy a car. I need to pay off my debt. I want to and need to change my life. I purchased YNAB and am learning to budget.
What are the steps to achieve my goals? Would it be unwise to get a car right now with the debt I have? Should I finance a car? I want to go to college so badly. We have a great community college where I live. I know I will have to work and do school if I go. It is so hard for me to know where to start. Could someone please give me any advice? Maybe someone has been in the same place I have been. I will be so grateful for anything you may want to tell me.
original posted by lilylilt to r/personalfinance on Wed, 28 Feb 2024 06:05:42 GMT.