Submitted by Dapper_Delivery_4127 t3_xyxaso in personalfinance
I make 72k/year and have a financed car that is $362/month. Insurance for it is $250. 2 credit card debts totaling $2,500. I pay $100/month for a whole life 20 pay policy for my son but I have nothing going on for myself for savings.
I live in Miami and the cheapest rent I can find without it being a total dump in a shitty neighborhood is about 1800-2200. It’s impossible for me to do it alone without being completely broke/paycheck to paycheck. I was just renting a place for 1800/month and it sucked. I just couldn’t get ahead. Everything is so expensive here. My job is very demanding, I don’t have the energy to food prep so I spend a lot of money on food and I know that’s a problem.
What can I do, investment-wise to make enough money for a down payment on a house/condo as quickly as possible? What’s thinking of an E-trade account?
Also, staying with my mom for too long is not an option. She’s a toxic narcissist. I’m trying to be out by Jan/Feb.
Any advice is greatly appreciated.