Capricorn
08-20-2016, 06:18 AM
Wow, quite the predicament you're in!
First off, cut up those credit cards immediately!
Second, create a budget for yourself and get $1000 in a savings account to use for emergencies only.
Third, pay down your debt using the snowball effect (if you need help with this then message me and I'll explain more).
Lastly, keep your Challenger for now, continue to save up some money, sell it on your own (you'll ALWAYS get more than what you would for trade at a dealership), pay the difference of what you owe with the money you save, and then buy something else once you're clear of the challenger.
If you can't get ahead on your debt then think about selling stuff off so you can start paying down the credit cards. My ex put me in HUGE debt and I followed a very simple formula to become debt free (aside from a car payment) in about 2 years. It takes discipline but it's totally doable!
Good luck!!!
First off, cut up those credit cards immediately!
Second, create a budget for yourself and get $1000 in a savings account to use for emergencies only.
Third, pay down your debt using the snowball effect (if you need help with this then message me and I'll explain more).
Lastly, keep your Challenger for now, continue to save up some money, sell it on your own (you'll ALWAYS get more than what you would for trade at a dealership), pay the difference of what you owe with the money you save, and then buy something else once you're clear of the challenger.
If you can't get ahead on your debt then think about selling stuff off so you can start paying down the credit cards. My ex put me in HUGE debt and I followed a very simple formula to become debt free (aside from a car payment) in about 2 years. It takes discipline but it's totally doable!
Good luck!!!
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