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It’s a 7 year payment thing

https://old.reddit.com/r/personalfinance/comments/w4xta8/im_making_2236_an_hour_but_im_4256915_in_debt

								

								

My car payments are 230.46 and my insurance is 423.16 monthly and my credit cards are 8000 dollars in debt what’s the fastest legal way of making money? My monthly take home pay is 2400 dollars I live at home and my pay is by weekly I work 40 hours

I live with my parents I pay 300 a month for rent

My insurance is that high because it’s brand new and it’s my first car

I was pressured into buying the car by my dad and I don’t know how to sell cars

He knows people in the car dealership and he used to be in the buisness

62
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$4500 a month is $54000 yearly. There’s no fricking way you’re losing $71000 a year in income taxes. There’s no way you’re paying more income taxes than you’re actually earning. Your math must be way off.

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Lemme just lay out my 2-week paystub to put some more detail, sorry for being vague.

  • Gross earning: $4800 ish (multiplied by 26 is roughly $125000)

Deductions:

  • 401k - $1400 ish

  • Insurance - 250 ish

  • Federal taxes - 820 ish

  • State taxes - 250 ish

4800 - 1400 = 3400 - 500 = 2900 - 820 = 2180 bimonthy. :marseyitsover:

401kmaxxing gets me $5000 back when filing taxes, so that's something I guess.

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