So I am engaged. I start my medical assisting class April 6th, which is AWESOME, and I will graduate May of 2010.
My fiance and I want to get married that fall.... October of 2010.
My problem is that we want to buy a house and get married, but we need to save the money for it. I bought a car a little over a year ago, and at the time had no idea that I was going to meet the man I was going to marry soon after...
I was planning on going to school for a while, living at home, and having money to burn for a while when I bought it. I pay $308 a month for the car payment, and $170 a month for insurance. I LOVE my car to death, and I still owe $17,700 on it!
That is $480 dollars a month, and I only make $1400.00 a month. So I have $1000.00 left after that is paid. My bills after that total about $600.00 and that doesnt include every other month expenses like doctors appointments and medications and so on....
We have a truck that I could drive every day, if I was to sell the car, but I know I will never be able to get what I owe for it! Can you sell it for what you can get for it, and then finance the remaining balance? Is that even possible, because then it would cut down the money I am spending every month, would let me get caught up with some debts really quickly, and then be able to save up for wedding and house and hopefully soon after that babies....
I just dont know what to do with the car. I love it so much, but I regret spending that money on it when I have so much that I need to save for!!!
Anyone else ever have this situation? Can I sell it and refinance the balance through the bank? Has anyone else done that???
My fiance and I want to get married that fall.... October of 2010.
My problem is that we want to buy a house and get married, but we need to save the money for it. I bought a car a little over a year ago, and at the time had no idea that I was going to meet the man I was going to marry soon after...
I was planning on going to school for a while, living at home, and having money to burn for a while when I bought it. I pay $308 a month for the car payment, and $170 a month for insurance. I LOVE my car to death, and I still owe $17,700 on it!
We have a truck that I could drive every day, if I was to sell the car, but I know I will never be able to get what I owe for it! Can you sell it for what you can get for it, and then finance the remaining balance? Is that even possible, because then it would cut down the money I am spending every month, would let me get caught up with some debts really quickly, and then be able to save up for wedding and house and hopefully soon after that babies....
I just dont know what to do with the car. I love it so much, but I regret spending that money on it when I have so much that I need to save for!!!
Anyone else ever have this situation? Can I sell it and refinance the balance through the bank? Has anyone else done that???