(CAN) 26 year old student, with no savings and 4500 dollars in credit debt looking to work towards something better.
Hello all. I'm currently living on my own in a bachelor suite and attending school this semester. I haven't decided on a program but I'm taking relevant prerequisites to the science field, and I'm fed up with my spending and lack of saving for the future. My sister recently got married and I couldn't even get her a wedding gift or contribute to her honeymoon fund because I'm so poor, and basically living paycheck to paycheck.
My suite I'm renting is 695 per month, without cable or internet. I have a smart phone which is 58 dollars per month, and my internet bill has gone off promotion to 120 dollars a month. I also do martial arts classes that are 170 dollars a month, however due to the lack of financial balance in my life I'm considering putting it on hold and coming back to it later. I don't even know what I spend on groceries since I've moved out I've been eating out more and skimping on grocery shops to try to save money, and I often throw away fresh food when it goes bad :( I usually try to spend less than 200 dollars per month on groceries. I've used a tax free savings account for several years but very often life has hit me in the face and I've had to spend hundreds on physiotherapy and other unexpected expenses. I also had a period over Christmas where I couldn't get enough hours at my workplace which caused me to go even further into credit debt.
Some personal goals of mine are to pay off my credit card debt that is accumulating interest charges and getting me stuck in a loop, and I'd also like to save up for driving lessons and a car. If I could make those two happen as well as put away for some savings, I'd be extremely happy with myself. Also my pad is lacking some organizational solutions and a few pieces of furniture, and to be honest I'm embarrassed to have company over at the moment, but I can live with that for now.
Thanks for taking time to read my post, any suggestions would be greatly appreciated, and of course if anyone needs to know more just message me and I'll get back to you ASAP.
Edit: Forgot my income, when I'm not in school I'm working 30-40 hours per week @ 12 dollars per hour, rounding down ~1200 dollars per month minimum.
Posted Apr 15, 2016, 1:01 AM UTC · edited