I, 25, married, make a combined monthly income of $4,352. My wife and I are both the same age and we’re young.
Neither of us were really taught the importance of money in our lives and we never saw credit cards as debt. We just saw it as a way to buy crap now, pay for it later.
We’ve taken out multiple loans(some for legitimate reasons like huge unexpected stuff that has come up, and I’ll be honest, a few that were down right dumb)
Our rental a month is $1610. At the time, we needed to move immediately and that was the only place near us that could move in that week. We plan on finding a cheaper place when our lease is up in February
After all our monthly bills are paid, we’re paying about $1400 in bills. This is all of our credit cards, loans, actual bills(like WiFi, car insurance, electricity, etc) and after our monthly expenses of about $400 for groceries for the month, we’re at about $800-$900 left over.
We’ve managed to save about $3000 so far. I plan on getting a weekend job to help with costs and pay stuff off.
I know my money going out is absolute crap compared to the money coming in and we screwed ourselves over, but how screwed are we? Is there still time to turn this around?