Crap, I wish I could reduce payments on rent... housing is so darn expensive here >:\

 

im not a male, as i've already stated. i just wanted some pointers...

i didnt know my insurance was ridiculous so i'm thankful that some of you actually decided to give me a helpful response.

and no i dont strip or whore myself out, i work at a law firm.




and heres me. everyone here is so quick to hate on people...

 

Holy sh^t...$850 a month for just the car, that's 3/4 of my mortgage and your insurance is insane, time to trade it in for a nice used S2K. Your monthly rent is $20 less than what I pay for a mortgage on a 3 bedroom rancher(it's only me and my dog), A full acre of land with a 4 car detached garage.

There's plenty of law firms here in central pa hint hint

 

I could move in to a nice house in NoVA right now for $500/month including utilities.. craisglist my friend. I wouldn't even consider spending so much on cars.. especially two cars. $500-600/month including insurance is the absolute most I would spend with a 50k salary. Sell a car, get less expensive insurance, and move.

 

Nice Tec-9 you got there....

 

your a korean female so go bag yourself a sugar daddy!!!

 

No one has mentioned raising the deductible with your insurance. That can reduce your costs as well, just don't get in a wreck >.>. Even still, i'd switch insurance companies and definitely try and find a better insurance company to go with, because yours sucks (and I think we've beat that dead horse with a stick a few times already). I'm 20, late for class, and have a monthly insurance of 190 (240 before raising the deduct, and good student discount (yay me!)), and the car payment of 194, but I just round it to 200 every month and over three years (36x6 = 208?), I'll have that last month to not worry about the car payment. K, I'm really late for class now, but don't worry about these haters - they jus' frontin' cuz dey b poor at our age fa sho wit it.

 

IIRC, when I was making $50k a year:

- I had a roommate so rent was about $500 to $600/mo including utilities and groceries.
- My car was an Integra GSR with a $350/mo payment.
- My insurance was about $140/mo.

I actually spent a lot of time thinking about whether I should buy the S2000 when I did, even with the Integra as a trade. Fortunately it worked out.

 

When I graduated college I made $43,500 lived in Mississippi paying $500 car payment, $700 for apartment, $200 for insurance, then utilities. Someone mentioned it previously and said write down everything you spend your money on for at least 2 to 3 months so you can get a baseline of where your money goes. I ended up renting a house for $500 which saved me some money. I traded the car (then was a 350z) for a Mazda 6 and got my payment plus insurance down to $350 a month. I saved up for about a year and paid all my debt off and traded for the S I drive now. I also waited until I was 25 so insurance would go down. I pay $150 for insurance on my S plus renters. I know it sucks not knowing where you money goes. Take the time, relax, and budget. My biggest mistake was I budgeted based on what I spent in college rather than what it would take to live in my new area. It threw all my calcuations off. You know what you are spending now, just keep track of it and you will be amazed what you find out.

 

I make more than you and spend every penny (and sometimes more) every month. It's not a mystery to me why I have no money left, I spend money like it's going out of style, but it's a choice I make to pull out my wallet every time.

Last month I got to the point where I decided I've had enough of it though and I'm ready to be serious about putting money aside and paying of remaining debts (including the last $20k owed on the S). Amazingly, I finished the month with enough money left over to pay this month's living expenses completely. I like to have a good time and eat meals out a lot, go for drinks and have fun nights out, but when I spend more each month on intangible entertainment than I do to put a roof over my head I know something is wrong.

Like was said, examine whether you are getting hosed on your insurance first, then re-evaluate your spending. You will likely be able to find hundreds of dollars each month just by making some small changes. Tracking what you spend will also likely result in you avoiding spending money on certain frivolous things and you'll end up not even pulling out your wallet the next time.