Reply to Help me spend my car payment!

Forum Index » Money and Finances

Reply to "Help me spend my car payment!"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP how much is daycare for the 5yo per month?[/quote]

I'm paying $1483 for the middle one, $900 for the younger. So nearly $2,400 when you factor in diapers for the little one.

In the fall, she'll be going to a center more in line with the higher payment, but we'll be dropping one payment obviously. So I'm looking forward to looking at just about $1,500.

Yes, I'm aware that the ones in school will need some sort of afterschool care. [/quote]

This will be great for you, though.  Aftercare usually ranges between 390-450 a month.  Giving you another $450 to add on to the pile to pay this off.

I'm sorry you're getting a bit beat up, but you know...DCUM.  I will tell you that I was in a spot like yours a while back (actually in 2001) and haven't been in debt since I paid it off.   Once you get started and stay motivated it gets easier and easier as you see the balances go down.

I'm with the other PP, if you are brave, post all incoming/outgoing and you'll probably get a solid plan out of it.[/quote]

Agreed, OP. I'm glad you're posting this.

I would write up a budget, looking at all of your fixed, flexible, and occasional expenditures. And then start trimming each budget line -- get rid of cable, gym, eating out lunches. Cut back on groceries and date nights. Call around for better insurance rates. You get the idea. Save up a minimum of $1000 in cash as an emergency fund and then take everything else left over and put it to the Amex, and then the next highest interest rate card, and then the last. While NOT using the cards again. Once you've paid them all off, start saving the cash in the emergency fund, getting it up to 3-6 months of expenses (based on your risk tolerance), and then save some for house maintenance and car replacement (so you don't need to use the cards or lines of credit again). Good luck, OP!. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics