Financical problems eating me from the inside.

pocketriki · 2016-09-14T00:26:46+00:00

Pay bills on time, no exceptions, late fees are never worth it.
You can have a credit card for emergencies, or for purchases you were going to make anyway (if you have cashback rewards.)
If you have any amount of high interest debt, it needs to be paid off immediately. This includes credit cards. Until you get this debt paid off, you're not allowed to buy anything that isn't necessary to survive.
Check your credit report on creditkarma.com. Having good credit can save you money, I have a 0% interest loan on my car, some people pay much more than that.
Once you have your immediate debt squared away, work on saving up a small emergency fund of about 3 months of bills.
Budget everything, make sure bills are getting paid first and foremost. If you plan to make any purchases for anything fun, sleep on it, and think about how it will affect your monthly budget, if things are going to be close, don't buy it.
Work on getting a car, I am not going to tell you that you don't need one, you're an adult and can make the decision, not having a car sucks though.

italyparm · 2016-09-14T02:30:08+00:00

Eat spaghetti & beans for a year. Stop liesure activities/drinking/whatever you spend on. Suck it up for a year and you'll be in a much better position. Then start reintroducing luxuries when you can afford them. Plenty of people on this planet are surviving on rice water and smiles.

Peter_B_Long · 2016-09-13T23:42:37+00:00

First, stop bitching. Second, discipline yourself. WRITE down the things you NEED. A car should be one of your priorities, then clearing your debt should be up there. Tell yourself how much of your checks you're going to use to save up, and give yourself a small budget of what you can spend for 'fun'. Have some control and plan how you will spend. I know how much of my check I'm going to spend on food because I meal prep during the week, and I know how much gas I'll use if I drive the usual, I know when my phone bill is due and when they charge my gym membership. Before I ask my girl to go get dinner in the weekend, I PLAN if I'm going to pay for her or if we're going to split the bill (based on how she's been behaving).

MrBowlfish · 2016-09-14T01:47:02+00:00

You're not being paid enough because you are not providing enough value to society. Society pays for value and you need to provide more of it.

Rorta · 2016-09-14T13:12:33+00:00

Start saving money now. Build a financial cushion, a rainy day fund, whatever you want to call it. Start developing your skills and when you have that bankroll built up you can then start to look for other jobs that pay better. Learning to budget is the most important thing you can do at this stage, look at your most expensive outgoings, buy cheap food in bulk at the start of the week and don't buy anything on top. Hell, if you're that broke just eat noodles and pasta with cheap sauces for a month.

When you buy a car for the love of God don't buy a new car on finance, buy an older reliable Japanese car for peanuts (Think Honda or Toyota). Having a car will allow you to commute further for better paid jobs.

natykub · 2016-09-14T22:57:44+00:00

Thanks for the advices friends. It's much appreciated. I'll take a bit from each one and try to apply it to my life. Best regards.

Title	Financical problems eating me from the inside.
Author	natykub
Upvotes	2
Comments	6
Date	September 13, 2016 11:32 PM UTC (9 years ago)
Subreddit	Posted in /r/askTRP
Original Link	https://old.reddit.com/r/asktrp/comments/52nmgn/financical_problems_eating_me_from_the_inside/
Archive Link	https://theredarchive.com/r/askTRP/financical-problems-eating-me-from-the-inside.111271 https://theredarchive.com/post/111271

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