Re: Who wants to help me build a plan for my finances?
Oh my!! I can't stop laughing about the weed AND the girlfriend!!!
On a side note-- Make sure this girl friend doesn't add another court ordered child support payment to list since she doesn't seem to be a long term asset.....LOL --- These kind are fun, but not the type you marry or take home to mom and dad...right?
First, the interest rates you have on the loans seem REALLY high, but that is probably because you are so young.
What I would do.....
Okay - assuming a Minimum take home pay of $2,500.00 - Everything over that goes toward saving until you reach $10K (Emergency Fund) then into long term savings/investment.
With the Budget you gave us that leaves 1K to put toward Debt. I'd do the personal loan first - paid off in two months
Then the CC paid off in one month (Pay the 160 you were paying on the loan too)- total 3
Then the car - paid off in a year (with the help of the 160 + 15 from the other two --this rollover or snowballing)
Then the student loan (Again add the car payment in so you are paying like 1500 a month on this loan) - four months.
So in less than two years you will be debt free and have a nice nest egg for a good down payment on that house. Once everything is paid off you can add that $1.5K to the nest egg fund and really watch it grow.
That's my two cents
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