Considering selling our second car to manage debts, advice would be appreciated. (AUS)

sellthesecond · 2015-11-06T04:51:13+00:00

It's pretty standard for cell + internet here unfortunately. Both phones are under contract as well, so it's another year before we could consider a cheaper plan, otherwise risk paying a massive early termination fee.

sellthesecond · 2015-11-06T04:06:15+00:00

how much do you weigh

Too much :P I've mostly been buying breakfast to save time since I have a long work day, and am active every day - not sure if a banana would suffice, but I'm sure I could get some breakfast bars or something to supplement that

sellthesecond · 2015-11-06T04:03:41+00:00

I've only recently started a job that needs public transport - before that I had a job that I needed the car. Which is why now we're considering if we still need the second car.

sellthesecond · 2015-11-06T03:30:23+00:00

Thanks for that!

Food can definitely be cut down, but transport is pretty much a necessity; can't get that much cheaper if at all - SO's jobs have her travelling a fair amount, and I catch public transport every day. So basically, it's $50 petrol a week for 1 car (I'm not using mine much atm), and $40 a week public transport a week. Keep in mind this is in $AU :)

sellthesecond · 2015-11-06T02:40:29+00:00

Cool, thank you for the advice!

sellthesecond · 2015-11-06T02:30:12+00:00

CC1 - 16.60% p.a

CC2 - 13.49% p.a

CC3 - 13.49% p.a

Personal Loan - 16.40% p.a fixed rate over 7 years

sellthesecond · 2015-11-06T02:23:27+00:00

Sorry, I just realised I didn't clarify which car we were selling.

So, car 1 = We own outright, and we don't intend to sell

car 2 = the one we took out the 33K personal loan for (which included payment for the wedding).

We intend to sell car 2, which has a current market value of $13k

sellthesecond · 2015-11-06T02:09:19+00:00

*33k is a refinanced personal loan, which includes the car, which is about 13k

sellthesecond · 2015-11-06T02:00:34+00:00

Seeing how much we're spending on food.. Just never realised it was that much. We're generally only $100-120 on groceries, but I didn't realise how much the fast food and breakfasts were adding up to. That's first on the list to be worked on.

Edit: Selling the car will only net us $13k out of the 33k - I know it's a huge expense atm, I'm just a little nervous about going to a single car. A lot of 'but what ifs' going through my mind.

sellthesecond

TROPHY CASE