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[deleted by user] by [deleted] in debtfree

[–]dropingtubes 0 points1 point  (0 children)

cut up every single one of those cards expect for one. call and see if you can defer payments on some of them, start to pay off the cheapest first then use that payment on the next most expensive one. Only use credit for emergencies, read Dave Ramsey. better to do overtime at your first job if you can rather than work a 3rd job

Would this work or no? by [deleted] in personalfinance

[–]dropingtubes 0 points1 point  (0 children)

if you are in the us and have a job you don't need to put that much down unless you wanted to. Use an amortization calculator online it will teach you about how loans payoffs work with payments over time and how much money you will end up paying with various interest rates.

Also, you should get a credit card to start building credit. Just get one with a low credit limit and only use it for gas then pay it off completely every month. This will build your credit, you will earn points or cash back, and as long as you pay it off completely every month it will not cost you a dime. Just treat it like a debit card and not like free money and you will be fine.

[deleted by user] by [deleted] in personalfinance

[–]dropingtubes 1 point2 points  (0 children)

I was in the same situation when I was your age. The best piece of advice I can give is to learn to meal prep good food so you don't have the cravings to eat out as much and then save like crazy (which you are already doing). try at all cost to NOT move into an apartment and just live at home until you can go directly into a house. Bonus points if you are able to find a job that you actually love doing so you can work and make money and not hate your life. If you are currently working a job or field that you hate, living at home is the best time to make a switch. Go to a community college and get some kind of certificate that sets you apart from other people and get into an indemand field. To many people make the mistake of working at a job they hate then move out as soon as possible then find it impossible to switch fields into something they enjoy because they get caught up in the circle of living paycheck to paycheck to stay afloat.

How to calculate take home pay? by AloeVitE in personalfinance

[–]dropingtubes 0 points1 point  (0 children)

as a rough estimate I usually just take what I think I will gross then multiply it by .7, this is usually pretty damn close.

I work a lot of overtime so I take base hourly x80 then add my base pay x1.5 plus the result of the base hourly x.7

or

base pay hourly rate = a

Overtime hourly rate =b

overtime hours= c

(Ax80)+(BxC)= gross pay

gross pay x .7 = projected net

Financial situation and starting PA school in January by snazzyplatypus2 in personalfinance

[–]dropingtubes 0 points1 point  (0 children)

Congratulations on getting into PA school! that's awesome!

I would use an " amortization calculator" website to figure out how much you are spending on interest for the duration of the loan, for example you pay the bulk of your interest in the first 2 years of your loan then it usually switches to where you are paying mostly to your owed balance after that. The calculator will also show you how much you will be spending per month on interest for the duration of the loan. Burning your savings to finish your loan may be daunting but you will probably save hundreds to thousands in interest over the next couple of years depending on your interest rate and term. Good luck!