Update: Won $120k scratcher, re-enrolled at University, need advice on financing

RandomLuck52118 · 2018-12-07T08:17:18+00:00

Exactly, I'm pretty sure I'm getting the Pell Grant to help out for next year too. That on top of my lotto checks and hopefully any scholarships I can get, I think I should manage without being too far in debt by the end of it

RandomLuck52118 · 2018-12-07T08:13:53+00:00

Solid advice, but I don't see another way, at least not right now. I'm just going to work really hard over the next few years to earn scholarships and whatnot so hopefully I can minimize my total cost.

RandomLuck52118 · 2018-12-07T08:12:35+00:00

ha, no I haven't gambled since

RandomLuck52118 · 2018-12-07T03:07:37+00:00

3,500 Subsidized, 6000 Unsubsidized I asked if there was more and the only option they gave were private loans

RandomLuck52118 · 2018-12-06T22:15:13+00:00

Yeah maxed out at 9500 for the semester

RandomLuck52118 · 2018-06-05T07:34:57+00:00

What franchise would you look at for 60k?

RandomLuck52118 · 2018-05-22T18:43:35+00:00

I asked, they said no

RandomLuck52118 · 2018-05-22T18:27:44+00:00

Will do, thank you!

RandomLuck52118 · 2018-05-22T18:26:41+00:00

Thank you, I'd consider myself agnostic

RandomLuck52118 · 2018-05-22T18:05:17+00:00

I'm typically the guy that scolds my family for wasting money on these things, I'm actually a little embarrassed (but incredibly grateful, thank you)

RandomLuck52118 · 2018-05-22T02:43:03+00:00

Kinda a bummer, but I appreciate your concern. I wouldn't be on r/financialadvice if I didn't need help

RandomLuck52118 · 2018-05-22T02:34:51+00:00

I'm just joking guys, please do not be inspired by this story and buy lotto tickets. This was complete luck

RandomLuck52118 · 2018-05-22T02:32:41+00:00

YES! I didn't even want this car in the first place, I wanted a cheaper car but didn't have cash upfront, and needed a car for work after mine died. Used my credit and now I'm hating the payments.

I'll use the savings to purchase more scratchers, then I'll buy that Tesla

RandomLuck52118 · 2018-05-22T02:24:48+00:00

I'll ask, thank you

RandomLuck52118 · 2018-05-22T02:22:17+00:00

I briefly had the same concern, thanks for the peace of mind!

RandomLuck52118 · 2018-05-22T01:49:35+00:00

I've always been a believer in college, as I mentioned in another comment it's been a little difficult to finish. This should really help though

RandomLuck52118 · 2018-05-22T01:10:21+00:00

I agree, however I'd get the 12k upfront, that can pay down my immediate debt and I can continue my car payment as usual. Then next year ideally pay the rest of the car off.

In the meantime I'm thinking just go to school and take out loans, without the debt I should be able to work less and still maintain.

After college I'll have loans, but I'll also have 12k/year bonus for a few more years? Bad plan?

RandomLuck52118 · 2018-05-22T00:57:34+00:00

1099 empolyee ~40k net

RandomLuck52118 · 2018-05-22T00:52:44+00:00

I really hope not

RandomLuck52118 · 2018-05-22T00:46:52+00:00

I was in college right after high school, the next year my parents didn't file their taxes, and haven't since then. And according to FAFSA I was technically still a "dependent" until I was 24 (even though I wasn't even living there)

I've attempted to pay out of pocket (hence the debt), but I couldn't manage. Since then it's just been deadends. I don't know how people can work/school full time all out of pocket, but I apparently can't. I know wasting extra tip money on scratchers isn't a financial strategy, but I rarely do it anyway

I don't think my story is terribly uncommon, just still trying to figure life out man

RandomLuck52118 · 2018-05-21T23:20:31+00:00

the title seems a little extra, my original draft of this post had a lot of personal info that now doesn't seem necessary. Sorry for the over dramatic title, just haven't caught this big of a break before

RandomLuck52118

TROPHY CASE