Reply to What a self made multiple millionaire would do in your shoes to increase your net worth.

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[quote=Anonymous][quote=Anonymous]I take in $36,000 after taxes (700/week)

My portion of rent/utilities: $700/month
Phone bill: $90
Debt: $11,000 left on car loan ($330/month)
         $1,200 on 2 CC's
Car insurance: $130/month
Health insurance: $120/month
Public trans: $80/month
Groceries: $300

I don't make a lot, but I SHOULD be saving a fair amount.  I am not however.  My car is what's killing me.  I want to get rid of it, but I owe more than it's worth (by about $2500).  I have 2.5 years left on my loan.  I take public transportation so I don't even technically use it.  I put away $50/week to a savings account but end up dipping into it a lot.  Once the holidays are over I need to pay off my CC's and start plowing money into savings.
I would love to save up and buy a home.. but that won't be for a while.
         
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Not OP, but you really ought to consider getting rid of that car.  Spending $460 per month on something you don't need or seem to even use is nuts.  Bite the bullet and take the $2500 hit.  The $460 a month will put you even in less than 6 months and you're in the black after that.  Good luck!
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