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My bad decision of buying my car is keeping me poor and I’m $11,000 underwater.

January 19, 2024
in Personal Finance
Reading Time: 1 min read
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My bad decision of buying my car is keeping me poor and I’m $11,000 underwater.

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Lengthy story quick, was a uneducated teenager that needed a $52K automotive and now that prices me $1,700/mo after fuel, ins, fee.

Payoff is $43,000 & it’s price $32,000.

What can I do to get out of this automotive and canopy the distinction whereas getting one thing underneath $10K? (no public transportation in my space)

No financial savings, dwelling PTP.

Credit score rating: 695 (Experian) No missed funds on any debt.

Simply received a job supply of $4,400/mo that begins in February which after budgeting and dwelling under my imply provides me $2,100/mo in disposable earnings.

I plan on paying off all debt inside this yr and simply be achieved with it. What ought to I do?

submitted by /u/datburneracc [comments]

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