T Fades
Well-Known Member
Still curious how old you are, OP...
It sounds like you have a car that is too expensive for your stage in life.
Do you own the car outright, or are you still making payments? What are those payments? How much are you paying in insurance?
We are not trying to bash you in any way. Quite the opposite actually. We are trying to help. A lot of us have already learned these financial lessons in life, and trying to shed some of our lessons learned onto you to minimize your strain.
What is your long term goal? Say, 5 and 10 years out? If you don't have one, now is the time to create a plan as Skye said, then make baby steps to get there. It will seem daunting at first, but with time you will begin to see the light at the end of the tunnel.
To be blunt, stop making excuses on why you can't afford to get your own place. Make it work.
My first car was a basic 2001 Civic I bought new for $12k. Of course those prices are gone, but the concept of living within your means is the only way you will get on your own two feet. I was fresh out of college and only making $50k a year. Having an inexpensive car (with inexpensive insurance) allowed me to get my own apartment, and save for a house down payment. I never had 20% down. I qualified for an FHA loan and only had to put 3.5% down. That was only about $10k down on a $300k house. Yes it took me a couple years to get that $10k, but I had a goal and made it happen. Making my lunches to work and not eating out a lot. Oh, and no stupid expensive coffees like starbucks everyday.
It sounds like you have a car that is too expensive for your stage in life.
Do you own the car outright, or are you still making payments? What are those payments? How much are you paying in insurance?
We are not trying to bash you in any way. Quite the opposite actually. We are trying to help. A lot of us have already learned these financial lessons in life, and trying to shed some of our lessons learned onto you to minimize your strain.
What is your long term goal? Say, 5 and 10 years out? If you don't have one, now is the time to create a plan as Skye said, then make baby steps to get there. It will seem daunting at first, but with time you will begin to see the light at the end of the tunnel.
To be blunt, stop making excuses on why you can't afford to get your own place. Make it work.
My first car was a basic 2001 Civic I bought new for $12k. Of course those prices are gone, but the concept of living within your means is the only way you will get on your own two feet. I was fresh out of college and only making $50k a year. Having an inexpensive car (with inexpensive insurance) allowed me to get my own apartment, and save for a house down payment. I never had 20% down. I qualified for an FHA loan and only had to put 3.5% down. That was only about $10k down on a $300k house. Yes it took me a couple years to get that $10k, but I had a goal and made it happen. Making my lunches to work and not eating out a lot. Oh, and no stupid expensive coffees like starbucks everyday.
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