How can I pay off my credit card and save money?

I have a part time job and I owe 1,400 in my credit card. I only make $250 a week. I use 50 for food,50 to go out on weekends,sometimes I'll use another 50 to pay my phone or gas. I want to pay $100 each week but then I'll be left with nothing. If I pay $100 each week it will take me only 3 months and 2

I have a part time job and I owe 1,400 in my credit card. I only make $250 a week. I use 50 for food,50 to go out on weekends,sometimes I'll use another 50 to pay my phone or gas. I want to pay $100 each week but then I'll be left with nothing. If I pay $100 each week it will take me only 3 months and 2 weeks to pay it off. I also want to save but idk how much I should be saving with each check,I get paid weekly. I only have $13 in savings. I'm getting another part time job until the summer but it will take me a while to find one & get hired.

Best Answer:

Kathy S: It sounds like you're still living at home. You say "sometimes" you pay on the phone or gas. So that tells me that someone else is paying rent and utilities and doing all the heavy lifting.
What you could do, is to only pay bills that you absolutely have to, and dedicate the rest of your money towards the credit card bill. It would be the fastest way to get rid of the debt.
In the meantime, don't charge any more.
Get into the habit of using cash to pay for most things.

Other answer:

Kathy S:
You seem smart enough.
I'll share with you how I make $$$

I'd take that $13 bucks and go to a flea market
I'd buy something or multiple things with the Entire 13.
I'd resell it on eBay not etsy, not let go.com (this site is too infant in its stage to get noticed especially for beginners)
I'd FLIP the 13 and make anywhere from 26-130.
Yes often I make 7,8,9 even 10 times what I paid for it.
Buy low
Sell high.
Don't sell to high
They won't buy.

Always charge fair shipping price

DEBS:
Don't worry about saving until you get your debt paid off. Keep putting as much as you can against it. 3-4 months is not that long. Understand that, due to interest, it will likely be a little longer than 3.5 months.
Alex:
ok

Leave a Reply

Your email address will not be published. Required fields are marked *