Budget help to pay off debt
Hey, guys i recently got into some medical debt and want ideas on how to pay it off fast.
Background: Im a 25 year old single man who work two jobs and make $5,000 a month. I work 10 to 14-hour days, One of my jobs is not a W-2 but an independent contractor job. I loaned my sister $4,000 and she is slowly paying me then i got into a car accident hence the medical debt. Then I got a new car for $5,000 down and have been making the payments. Now my lease is up and the landlord decided to sell the house I currently live in so I'm currently in the process of moving unfortunately so the rent you see is for my new place and the T mobile bill is for my phone/internet. So after all that craziness that ate at my savings I currently have $18,000 after having $27,000. I’m trying to keep my savings account above $10,000 as my emergency fund. I always pay my credit cards on time. The streaming is the basic ads-only plan for Hulu, Netflix, Max, Spotify, peacock, and Disney Plus. I go food shopping weekly for $50 - 80 a week and try not to eat out.
My plan: I'm planning on paying off the IRS and state tax bills on the 18th along with my Affirm loans early so that $1,644 is leftover monthly and I may just re-subscribe to everything else besides Disney Plus. I plan on attacking the urgent care bill first since that's faster to keep on going to collections and then my Hospital bill and then focus on the car loan. Ultites may be cheaper since it's electric and gas which is based off what i paid at my old place which was bigger and based on the highest i ever paid for electricity which was $100 for electric and $200 for gas.
Hey, guys i recently got into some medical debt and want ideas on how to pay it off fast.
Background: Im a 25 year old single man who work two jobs and make $5,000 a month. I work 10 to 14-hour days, One of my jobs is not a W-2 but an independent contractor job. I loaned my sister $4,000 and she is slowly paying me then i got into a car accident hence the medical debt. Then I got a new car for $5,000 down and have been making the payments. Now my lease is up and the landlord decided to sell the house I currently live in so I'm currently in the process of moving unfortunately so the rent you see is for my new place and the T mobile bill is for my phone/internet. So after all that craziness that ate at my savings I currently have $18,000 after having $27,000. I’m trying to keep my savings account above $10,000 as my emergency fund. I always pay my credit cards on time. The streaming is the basic ads-only plan for Hulu, Netflix, Max, Spotify, peacock, and Disney Plus. I go food shopping weekly for $50 - 80 a week and try not to eat out.
My plan: I'm planning on paying off the IRS and state tax bills on the 18th along with my Affirm loans early so that $1,644 is leftover monthly and I may just re-subscribe to everything else besides Disney Plus. I plan on attacking the urgent care bill first since that's faster to keep on going to collections and then my Hospital bill and then focus on the car loan. Ultites may be cheaper since it's electric and gas which is based off what i paid at my old place which was bigger and based on the highest i ever paid for electricity which was $100 for electric and $200 for gas.