Quote:
Originally Posted by kacedog51
I'm 20 years old and I make $22K a year. With a very low income and the amount of bills that I have it is very difficult to save any money let alone pay the bills that I have. .
My payment break out goes something like this:
Bill type; Minimum Payment; Intrest; Balance
Credit Card 1: $10 25.15%; $140.98
Credit Card 2: $10 25.15%; $448.52
Cell Phone: $50/mo
Student Loan: $200 (not sure what intrest is) balance is about $5,600
Car Insurance: $105/mo
Rent: $305/mo
Utilities: $25-$50/mo
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Bill total minium $705-$730 per month
22K a year is 1833.33 per month, now is this gross or take home?? Are you salery or does your paycheck vary each month?
if take home:
1833.33 minus 730 is 1103.33 per month left
You need to start recording ALL your expenses so you can see where you are spending money without realizing it. (Could it be the DISCOUNT at Best Buy?)
Also have you asked the student loan lender to defer your payment or asked for a forbearance or to reduce your payment now and have it increase gradually as your income increases.
What are you claiming on your taxes are you going to get a HUGE chunk that you can use to pay off the debts? If you are going to get a huge chunk you should adjust your withholding so you are paying less in taxes so you have more money in your pocket to pay your debts.
As for the pay difference, Can you prove you are being underpaid? Do you have some paper signed by your employer stating you were suppose to be paid X amount starting on such and such a date?