Any advice and recommendations of how to pay off my debt of a total $12,571?
Hello! I work full time in a very popular theme park and my hourly rate is above the minimum wage, but it is not a living wage. It is barely enough, but I live with my Mom and Brother in a condo. I have a driver’s license, but no car at all.
I have a total debt of $12,571 as of now after calculating all the totals. I used up my Chase Credit Card limit, I have balances in PayPal - Pay in 4 & Paypal Monthly, Affirm, Klarna, Zip, and Synchrony Bank (Newegg Store Credit Card) all in total. So, I have two credit cards, my Chase is maxed and my Newegg Store Credit Card has 60% used. Then the rest are Buy Now, Pay Later installments with so many interest rates. Which add up my monthly payments to a horrible degree!
I suck at saving money and this is not the first time it happened. This is my fifth time and I’m really sick of it! I’m single and never married, I never had a girlfriend at all! I’m in my 30s, most of my debt was from buying physical games, digital games, micro transactions, toys, action figures, statues, books, novels, manga, and comic books. All gamer and anime/manga interests.
I know about personal loans that I can do to pay all it off and then pay the lowly monthly payments to make up to the paid off my total personal debt. My current monthly payments is really high and above my weekly paycheck. Which is about more than $1,200!! I get up to $600 weekly and those monthly and every two week payments hits hard on me.
Because I’m an idiot and I almost always get negative balance in my bank account every month and my Mom had to help. So, as of now she got tired of helping me cover the negative balance every month and she told me that I am now on my own. I’m a huge addicted shopaholic which got worse than my brother! He saves money better than me now and he avoids getting negatives in his bank account and still buy his favorite things once in a while unlike me. Which I keep buying and added up my personal debt.
I got this negative trait from my late Dad, he was a shopaholic and lacked financial responsibility which was why my Mom divorced my late Father more than 20 years ago!
Please any advice and suggestions?
Thank you!! 🙏