So I am a 20 years and am spiraling into more and more credit card debt and I’m not sure what to do about it.
To get into it, I am living at home with my mom and younger sister and am expected to pay 750 dollars every month toward expenses. I am currently working part time at a call center for $15 dollars an hour and generally take home about $720 every two weeks.
My phone bill is $110 give or take an am stuck in a contract for 6 more months. When I first purchased the phone I was working full time and had no trouble paying off bills or debts in full. I also wasn’t paying much to the house at the time either.
I was asked to reduce my hours by my mother so we could try to lower our rent since before signing the lease for the second year, we were paying around 400 a month for it. But that has double to around 800 or 900. Me cutting my hours helped but not much.
So far I have cut out every non-personal expense but Xbox live that I really don’t want to get rid of but am now leaning towards doing so.
In total I only have around 290 dollars in bill to pay off including the minimum payments for both of my credit cards, $35 and $45 respectively as of last month.
We missed rent last month as the money I contributed went to car insurance and other bills like groceries and we are expected to give both payments this month. I was told to give “whatever I could” so ~$1100 this month which still won’t cover everything. My mom has recently gotten a new job paying $12 and is also working part time for the time being.
My problem comers to my credit card debt that is getting worse and worse every month. Right now I owe exactly $1042.78. And that has been increasing by around $70 every month. I pay for gas and when the car needs it, I’ll pay for things like oil changes and what not using one of my credit cards.
The way that the house hold has been living has been putting in a position where I am getting worse and worse off and it takes a physical affect on me. Often skipping out on lunch at work and I pretty much live off a big box of fruit loops the majority of the month.
I’m honestly not sure where my life in the near future will go. I feel very trapped because even when I get my debts down, the rest of my family won’t really be able to sustain them self as I’m the primary source of income. My mom doesn’t know how I feel and she really doesn’t like talking about our financial situation even though I know she’s under because she can’t take care of us as much as she would like to. I know I am fortunate compared to other families out there and really shouldn’t be complaining but I just feel trapped.
I’m sorry this is so long but I wasn’t totally sure how to explain this predicament fully without including such. Also sorry for an spelling or grammatical errors I’m kind of tired but really want to do something about it.
TL:DR I have accrued $1042.78 worth of credit card debt I can’t pay off and don’t know what to do about it while it increases month by month.
Submitted by PM_ME_UR_MIRRORS | #Specialdealer Special Offer Online Shopping Store 2016
