I have 22 years and earn about $ 12 – $ 14/hr and the need to leave $ 8,000 in debt fast any suggestions?
I barely make enough for rent, bills, food and gas. Any suggestions for a great job paying second that is not in the food industry?
I know what it is .. I am going through the same now. Each month I have about $ 80 to get me by. Anyway heres what to do: Start carrying a piece of paper with you and follow-up of all expenditure in the coming weeks. Each time you buy something write it down. Do not cheat, even if only a .50 or $ 1 item he writes. Then a weeks later to sit with all bills, checks the list. Go through calculating the minium payment on all accounts and see how much you have left. Do not forget to include gas, rent, electricity, food, etc.. Now, what amount you have left you should find out the top of their debt and pay accuring the first. Continue to pay in miniums everything else and all the extras for most accuring debt. Once it is worth taking the amount you pay when you add to it and to its highest debt accuring comes and keep doing that. When calculating how much to pay you to save 10% for you as an emergancy fund. This is only if you have major problems have to resort. There is money in shops or go to emergancy money is already going to happen. They say you should have the 3 to 6 months living expenses saved. Now you will want to see what expenses you can get rid of or reduce. It is likely to do with that list you buy a lot of stuff you do not need or can save. Examples are making your own coffee in the morning, instead of buying it, take lunch to work with you, drink to work, cut your cell phone or home phone down, leave their cable and Internet, eating a lot of soups, pastas and vegetables, etc.. If you have a market share of auto sell the car and get something to a few thousand dollars. You see there are tons of ways cut your bills are set .. You must make this real and an approach that used to living frugal if you want to make it through this without getting worse. In addition, you should get a second job and trying to collect more times when it is working. Take all of the extra money to pay this debt. If you have an extra room to get a partner fourth. Once free of debt continue to take the amount you pay when the debt and start saving it. I guess it would take 1-2 years to get your free debt but do not know, because I do not know what their bills, etc. se. Anyway then you get used to living in a certain amount of money so there will be no change. Take the money and start saving. Just remember once you are debt free frugal life support, or will be back in the same trap. After all is not the American dream of being debt free and retire at an early age? Keep in mind or what your dream and help make it through it. Best of luck and you should get Dave Ramsey's book money to help complete makeover.
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