50k debt for a 30k income? So this is the power of higher education
Most of that is collected debt from being in an out of school. I only generated about...14ish from what actually got me my job.
So you fucked up and are blaming the system for your fuck up? Stop whining and clean up your mess. Live with room mates / parents and crush this debt within a couple years. Work a second job to eliminate it faster. Work hard and get promoted to earn more you can throw at it.
I have roommates, but I currently have a new car loan I am paying off so I dont have $700 to throw at it every month. Even if I paid about 450 or so, I think it would still take 10 full years or longer.
A second job is out of the question, I have an office type salary that already keeps me in the office more than 40 hours a week.
Ive fully accepted that without a salary bump Ill die in debt.
Why in the fuck did you get a goddam new car? Holy shit. What is the car payment? Can you get rid of it for a cheaper car or do you have negative equity?
Dude, go get some Dave Ramsey books from the library.
Because my old one had 157k miles on it and needed basically 70% of its total value in work. The payment is only 300, but I am trying to pay it off twice as fast since auto loan debt is more important to me than student loan debt.
And why didn't you plan for purchasing a new car when your old one had so many miles on it? I bought a new car and I totally regret it, I could've easily gotten a 3-5k car that would've been just as good if not better. Car ownership will become a thing of the past when autonomous cars hit the road, it'll be less expensive to get uber'd everywhere than be an actual owner at that point.