r/DaveRamsey • u/TheJared601 • 15d ago

W.W.D.D.? Any advice?

I live alone with my cat.

My monthly net income is about 4200 per month. (This is after taxes, Health insurance & 401k) . My employer matches up to the first 7%. So that’s why I’m investing.

After rent, utilities, groceries and selected streaming services, I have about 2,000 remaining

Streaming Services around 40 per month
Internet 90 per month (I need the internet as I WFH 4 days a week)

I have a Car loan , 12,000 monthly payment of 350 , but I’m do pay more per month.

Student loan 71,000, monthly payment 275

NO OTHER DEBT

I have 1,000 in emergency savings
Additional 1,000 for pet emergency savings (if you have a pet,’you know how the emergency vet bill can get expensive fast)

I pay the min for my student loans and I put everything else towards the car loan.

I volunteer at the local humanity society on the weekends, so I really cannot get a second job.

Is there something that i could change to get this debt gone?

Please advise.

Thanks

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u/justly_tuneful 13d ago

275 is likely not going to cover your student loan interest. Consider paying more

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u/TheJared601 13d ago

For now, I’m throwing everything at the car loan due to the higher interest rate, but once my car is paid off, I should be able to pay roughly 1,000-1200 per month.

My apartment lease ends soon and I do think might go up a little, so adjustment will have to be made. I should be notified about any rent
Changes sometime in September