1up
Distinguished Member
- Joined
- Oct 14, 2008
- Messages
- 1,828
- Reaction score
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I'd post this in the Money section, but unfortunately I don't have 100 posts...even though I've been a member for close to 2 years - maybe a moderator can move it?
Anyways, I'm fresh out of University, I've got about $4000 on my credit card at a 12% rate (I know...I know..at least the rate is low). And $6100 on student loans that I don't need to start making payments on until October.
My new job starts on August 16th, I make about $3500 canadian after taxes.
Expenses per month
~$500 for Rent
~$250 for Groceries
~$100 for cell phone
~$850 for Car payments/Insurance/Gas
~$300 miscellaneous
That leaves me with about $1500 a month, should I be making lump sum payments, or paying strict bi-weekly payments?
I hate debt - I recently got turned down after applying for a better credit card
Anyways, I'm fresh out of University, I've got about $4000 on my credit card at a 12% rate (I know...I know..at least the rate is low). And $6100 on student loans that I don't need to start making payments on until October.
My new job starts on August 16th, I make about $3500 canadian after taxes.
Expenses per month
~$500 for Rent
~$250 for Groceries
~$100 for cell phone
~$850 for Car payments/Insurance/Gas
~$300 miscellaneous
That leaves me with about $1500 a month, should I be making lump sum payments, or paying strict bi-weekly payments?
I hate debt - I recently got turned down after applying for a better credit card