Originally posted by: dug777
MISC purchases, $356? Cut back on your miscs?
A bunch was her CPA exam.
Then there were ads to sell my car.
Some other necessary things to.
I'd say half of it was unavoidable.
A bunch was her CPA exam.
Then there were ads to sell my car.
Some other necessary things to.
I'd say half of it was unavoidable.
IronWing
No Lifer
- Jul 20, 2001
- 72,944
- 34,117
- 136
You already plan to dump the car so that will help a bit. Other than that it looks like you'll have to gut it out until the debts are paid. Consider putting whatever savings you have from the car toward the CC bill to pay that down as fast as possible.
That was my plan. Between the car payment and insurance I'll be saving $650-700 a month. That can go towards paying stuff off.
141 for internet/voip/basic cable? Isn't that a bit high? If you aren't running a server or anything, you really only need minimal internet. I know SBC has a deal for phone service/DSL/satelliteTV for $90. I know you have cell phones already, but just giving you an idea of how much you can save.
fleshconsumed
Diamond Member
- Feb 21, 2002
- 6,486
- 2,363
- 136
Jumpem
What I said still stands. I would say you could still save at least $50 on food. $500 for cash witdrawals and misc expenditures still seem way overboard. I don't know where it goes exactly, but you should analyze it and if necessary adjust your life style, stop buying fast food and coffe at starbucks. $141 for cable/inet/voip is also too much. I don't know why basic cable is so important to you, but can't you dump it and use airwaves? Here in Chicago suburbs we get more channels on air than on basic cable :\ Potentially if you don't use your voip that much you could get dsl/pots for $50-70 if it's available in your area (don't know if it is). Concerning cars, accelerate slowly and ride at constant speed/use cruise control. My dad is a heavy footer and he can get additional 50-80 miles on a full tank of gas just by using cruise control.
What I said still stands. I would say you could still save at least $50 on food. $500 for cash witdrawals and misc expenditures still seem way overboard. I don't know where it goes exactly, but you should analyze it and if necessary adjust your life style, stop buying fast food and coffe at starbucks. $141 for cable/inet/voip is also too much. I don't know why basic cable is so important to you, but can't you dump it and use airwaves? Here in Chicago suburbs we get more channels on air than on basic cable :\ Potentially if you don't use your voip that much you could get dsl/pots for $50-70 if it's available in your area (don't know if it is). Concerning cars, accelerate slowly and ride at constant speed/use cruise control. My dad is a heavy footer and he can get additional 50-80 miles on a full tank of gas just by using cruise control.
What a financial planner can do for you is basically go through all financial related aspects of your life and create a blueprint for you to follow. Planning on getting married? Buying a house, a car, etc? Retirement plans? What kind of insurance do you need? Taxes, etc.
So it's not just things like debt, but really covers what you want to do and how to achieve it. Not all CFPs are the same, pretty much everyone is a little different. Some are more of money managers, others focus on planning, etc. They can definitly help.
Your 300 minute basic cell plan isn't worth 72 bucks. You could get more minutes than that using a pre-paid phone. Do you really use all 300 minutes each and every month?
Ignore the people who say to cancel your renter's insurance. They don't know what they're talking about.
I think they get 300 mins each and I'm pretty sure they get free nights and weekends.
You won't get that with pre-paid.
Why the hell are you spending that much on car payments? Especially if the two of you only pull in 52K combined. That?s just irresponsible... Get vehicles that you can afford.
I have to buy a car pretty soon. The better is going to die and I'm cringing at paying just 300 lol.
I have to buy a car pretty soon. The better is going to die and I'm cringing at paying just 300 lol.
A fool and his money are so easily parted. Really so true after reading this thread. Do you really need advice? just use some common sense.
sygyzy
Lifer
- Oct 21, 2000
- 14,001
- 4
- 76
Why don't you just give up? Don't get me wrong, I am impressed you are trying your hand at this whole adult thing but you post a new finance related thread (car, house, mortgage, selling car, etc) every week it seems. Take your own advice, and go home to mommy and daddy.
That's the difficult part, referrals from clients are common. For starters I'd make sure they are a CFP, this ensures a higher level of education. (you don't need to be a cfp to be a financial planner) Also make sure they are a Registered Investment Advisor, as I believe that's required by the SEC and is a felony to claim CFP status but not be an RIA as well.
There's also the CFP website. which has more info.
Just my take on it but:
Car Payments: $1030--One or both of you are driving a vehicle that you shouldn't be driving. If you didn't have enough to put down on it to get the payments lower you were buying over you head.
Misc. Purchases: $356--This was probably mostly money wasted.
Restaurants: $118--You should be eating at home. Much more cost effective.
Just my .02 worth, which isn't much.
Car Payments: $1030--One or both of you are driving a vehicle that you shouldn't be driving. If you didn't have enough to put down on it to get the payments lower you were buying over you head.
Misc. Purchases: $356--This was probably mostly money wasted.
Restaurants: $118--You should be eating at home. Much more cost effective.
Just my .02 worth, which isn't much.
Cut down on having a life. Most of us don't have to worry about maintaining a life so we're experts by design.
Originally posted by: Zim Hosein
Originally posted by: Ricemarine
Originally posted by: Zim Hosein
Hooker fees?
That's a lot of hookers...
Not in NYC!
/me runs and hides!
:Q
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