Greetings. I'm an 18 year old soon to be student working full time. I graduated school early so I could work. It was one of the best decisions I've ever made. Real life is a lot different than "high school life" I must say, and I love it. I'm going to be attending the Culinary Institute of America this coming June and excited to leave Missouri and finally make it out to the coast where I've wanted to be since 7th grade.
My whole debt stemmed from the fact that I didn't start working until very late(pretty much 18 ). I needed a car though. When i finally found the car that I wanted to buy(Nissan 200sx) it cost me $1700 plus assorted taxes and such. Came out to about $1900. My step dad said he'd pay half. I have to pay half and all the expenses, gas, insurance, repairs. My family helped me quite a lot. After money from grandparents, aunt, my mom, and from me I had only $1000 left to pay. Then my car broke. Transmission rebuilt to the tune of $2400. My step dad helped me again, opened a credit card(he couldn't put more on his as we are in some financial fatigue) put 2k on his, I put the remaining $400 on mine. Paid that off. Then I aggresively started paying him back with every one of my paychecks. As of today I only have $1000 left to pay off from the $3400 after repairs. It feels great to be so close to my goal. Next two paychecks will totally wipe this out, plus $600 or so I'm suppose to receive from the government. I'll have a bit saved up for college(most likely paying my car expense while i'm there, maybe even enough for that opera ticket).
Of course in a few days I'm about to step into 20k of debt for the first year of college, but planned expenses are much easier on the mind than the unplanned ones.
Have you paid off your debt? Managed to save for your dream home? Had an awesome investment pan out? Share your personal finance success stories here.
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