Hi everyone, I just joined the site in hopes of increasing my financial IQ. Haven't been much of a saver but would really like to start growing my money.
So, mistake number 1, I bought a BMW last year, and now I lost my job so I can't afford to make payments on it. Right now it's $350 per month. I still have $14,000 left to pay on it.
I don't know what to do!! Advice? Oh yeah, I also forgot to mention that I have $10,000 in savings, but that's ALL the money I have
What is the 10k savings in relation to your minimum monthly expenses? As in 10K should last you how long?
Do you have any job leads?
What industry do you work in?