Want to get out of debt, been listening to Dave Ramsey?
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.I had about 7k in debt. First off, I had about 4 credit cards. My GE money card had about 3k on it, my 2 chase cards together had about 1200, and I still have a car loan.First off, i had 2 cars. I sold the one for $3300 and paid GE money off cut up and gone. I cashed a savings bond out worth 5k, moved back to my hometown. It took about a $1200 to get things going @ my apartment(rent,desposite,move). With the 3.5k I had left I got some car work done on the car I have(only 1 now) and paid both chase cards off and there Gone.i put the rest of the money towards the car. I cut up all my charge cards except the one with the balance.So now I have about $3500 left on the car and $1900 left on the card. I did a balance transefer and the card is @ 0% till may.The car loan is 13%. No money in savings. I want to get 1k in there but I want to wipe the rest of the debt out once and 4 all.
What would you do? should I get a 2nd job?
Want to get out of debt, been listening to Dave Ramsey?If you listen or read any of his books, you are suppose to set up a $1000 emergency fund first before the debt snowball.
If I were you, I set up your emergency fund first and do it fast! Then continue to pay your $1900 card off and then the car loan.
You probably need to pick up a 2nd job to pay the remaining bills off if you are deeply in debt.
Sounds like you are doing good on your debt snowball...
Good Luck!
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