I’m already living paycheck to paycheck and in heavy debt. My payment has ballooned to $423 a month. I only make 68k a year and I have a $1500 mortgage and $420 car payment already. Plus my other bills, and debts that have accrued due to purchasing a shitty house, I literally don’t know how I’m going to afford this and eat.
Bordering on having a panic attack after seeing my new IBR plan.
byu/accioupvotes inStudentLoans
Posted by accioupvotes
3 Comments
your car payment is high compared to your salary. refinance it to a longer term to lower the monthly payment (even though you’ll end up paying more in interest overall), or, sell it and buy a car more within your means until you pay off your other debts that you didn’t go into detail on (credit cards, personal loans)
That’s such a reasonable payment amount. How is this catching you off guard so badly?
More income— second job; sell some stuff.