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Why in the world would you be unwilling to budge on life insurance? That just seems downright hard headed to me. You've already thrown away how much money on it? You should never have taken out that policy in the first place. Continuing with it is just throwing bad money after good.
Why in the world would you be unwilling to budge on life insurance? That just seems downright hard headed to me. You've already thrown away how much money on it? You should never have taken out that policy in the first place. Continuing with it is just throwing bad money after good.
It's pretty cheap though for a half million dollar policy. No?
IMO, you need more of an income increase than anything else. The car insurance and gas also seem awfully high. I pay half that for insurance on a 2015 Cherokee. My gas is not that bad and I commute 40 miles roundtrip per day.
IMO, you need more of an income increase than anything else. The car insurance and gas also seem awfully high. I pay half that for insurance on a 2015 Cherokee. My gas is not that bad and I commute 40 miles roundtrip per day.
I commute twice as much per day. However, I totally agree about the car insurance.
The more I read these comments i'm starting to think you like where you are. If that's the case then fine. Don't you have a college degree? Are you using it? Why haven't you changed your field over the past couple years? If you're not willing to change your budget then you must create more income. so what's the issue there? I saw the comments about the part time jobs not calling back but have you tried applying to jobs that would lead to a career and give you the ability to take care of yourself?
I've actually applied some of the advice that I've been given and my debt is down to about $30,500. Also, I haven't been behind on bills since the start of this thread.
However, it's been really discouraging because I've worked really hard this year and it seems like I've barely made progress.
My current debt total is $30,439.90 as of this morning and my yearly take home pay is roughly $34,400.
I have a little in retirement and I also have a small emergency fund. I still live with my parents and I'll probably stay with them until I'm married. Debt free or not.
I've applied to a ton of restaurants to be a waitress/hostess and haven't heard anything. Not a single call back. This, too, is discouraging. I'm going to focus on applying to only retail for now until the end of the year.
Monthly expenses:
Tithes: $385 Rent: $400 Car Insurance: $120 Gas: $160 Food: $160 Cell phone: $44 Life Ins: $25 Gym: $11 Car Loan: $374 Student Loan: $191 MISC: $250
*MISC includes household items, women hygiene items, parking fees, etc...
Tithing is important to me. I know you guys are going to give me grief about this. I think life insurance is also necessary. You just never know what's going to happen. These are the only two items that I'm unwilling to budge on.
I'm currently 33 and it would be nice to be debt free by 35.
If I were in your shoes going back a couple years ago I would've structured my budget and situation to look like this:
Get rid of:
Tithes: +385
Life insurance: +25
I would be driving an older cheap Prius getting twice the mileage with $40/month insurance (that is full coverage btw, we have it on our Prius)
Thus also getting rid of
Car loan: +374
Gas: +80
Insurance : +80
Total savings +944/month or $11,328 a year. Everything else looks pretty normal and not extravagant, all you need next is more employment experience/better job.
You had the ability to get ahead but are just unwilling. I don't know how people can go through life just treading water...that would be stifling to me.
I'm out. Continuing to try to help is as insane as the OP's continuing to waste money and then whine about her financial situation.
These people don't really want help, they just want to vent and look for empathy.
Normally what you find in almost every woe is me story is a long history of poor decision making skills. Everyone makes dumb decisions, I am certainly a good example(!), but a long path of bad decisions and unwillingness to change course is pretty standard in examples such as the OP.
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