I need help arranging my life priorities...?

Question

i have a few goals i want to accomplish within the next five years...now i am a young mother, i have a two year old and one due any day now.

i intend to go back to work ASAP after the baby is born (mere days people!) i have a high paying job with lowe's regional distribution, fundamentally i work three days a week and make a fifteen hundred dollar paycheck.
then i will collect child support from my older son's father as well as this one's...

supplemental income.

i have shite credit because of my husband having a car repossessed about six months ago...

long story short.

i want to get out of apartment life and settle into a house

i want to pay off all outstanding debts to all businesses and personal loans (all of which total about three thousand)

i want a newer more reliable vehicle

which of these things should i place at top priority? or how would you go about the task personally? i am trying to be wise with the money i will and will not have (ie divorce)

Answer 1

As long as your current car still gets you to work, I'd concentrate on paying off my debts first. It might be very helpful, also, to talk with a financial planner.

Answer 2

Try these steps:

1): Get out of debt. Hard to do these days but it would free up
money you could put to good use elsewhere.

2): Once out of debt place that money into savings every month.
You need money for a down payment in order to get that
house. Especially sense you have poor credit.

3): When looking for that car make sure you get the best deal for the money. You don't need a new one just a good one. This will bring the price down. Always haggle with the used car salesmen to get the best deal on your old one. Don't just give it away.

Don't be in a big hurry to move into that house. This should only be done when your finances are in good shape. May take awhile but you won't be sorry.

While living in an apartment may seem like throwing money away consider what you will pay when you have a house.
You not only have the mortgage payment, taxes and insurance, but all the upkeep is now on you. And that ain't cheep.

Out of debt.
Use that money to pay for the car.
Then buy your house.

Answer 3

These goals are all really great ones. And they are all attainable...even in the next year if not before. First of all you need to find a bank who understands your situation. This could be hard. However there may be some steps you can take to rid yourself of bad credit once you are divorced. I'm not exactly sure, but you should talk to your lawyer about this. Once you get that straightened out you can apply for a home loan and also a car loan. If you are reasonable with your money you should be able to afford these things. You are not going to be able to afford a million dollar house or maybe even a brand new cadillac, however you surely can find a house that may not be your dream house, but can start you in the right direction for now. And you may be able to find a really good used car for a third of the price of a new one. Look at certified used, that's a great way to start. As far as paying off debts..that is what you need to look at first. You need to get those paid off and in the meantime you can be looking for funding for your house. There are lots of loans out there...even for people with bad credit..you just have to look. You may not get the best interest rates available, but if you are able to pay for it, you can eventually refinance as your credit score rises you will be able to get better interest rates. So in summary here's the list the way I would do it.
1. Get your divorce settled and live life for a few months so you know what to expect while you are on your own.
2. Pay what outstanding debts you have.
3.Talk to a lawyer about what you can do to separate your credit from your ex's.
4. Meanwhile look at houses to see what is in your price range and what you like.
5. Be on the lookout for home and car loans.
6. Remember that you aren't going to live in a palace or have a brand new car right away. You have to be able to settle for what is realistic for you now. You don't want to get yourself into a situation where if an emergency comes up you can't make your payment, because then you will be in a load of crap. Once your credit score rises after a few years of living in a house and paying your bills, you can sell your house and upgrade to a bigger one if that's what you want.
Hope this helps!

Answer 4

here is how I see things.....you need to get those bills paid off before you can even think about getting a house or car.......that way you wont have them hanging over your head and can free and clear be able to put money toward a new home for you and your children....so I would get the outstanding bills paid off first.

Then once I got that done I would open a savings account at the bank if you dont have one already and start putting back some money each pay for that house and car you are wanting.....to get what you need or want you always have to make some sacrifices and right now any spending that doesnt need to be done shouldnt be.....sure get the kids what they need, groceries and other nessessary things, but things you can do without I would pass on buying. You will see in time that your savings will grow and before long you will have enough for a down payment on a house.

Having said that.......after you get enough saved for a deposit....start looking for a home for your family....its more imporant to have a place to live right now than a newer car.....as long as the car you got is running and gettin you from one place to another it will do. After you have found the right house and made a deposit on it and get settled in then you can think about a newer car.....oh and keep on adding to your savings account too.

Be presistant and don't give up.........you will have the life you desire for you and your kids in the long run. Another thing I wanted to mention is this.... dont forget about your children in your quest for these things.......continue to spend time with them, listen to them and just be mom to them even though you are striving for a better life for all of you make some special time for just you and the children.....good luck to you I do hope things start going your way.

Answer 5

first off i want to say sorry or congrates on your divorce (how ever you feel about it) then CONGRATES on the new baby!!!!

now the business at hand first off i would say stay at work........go to school part time. that way you can pay off some of your debts wihile still going to school (kill 2 birds with one stone). after your debts are paid then i would get a better car more ppl are apt to help you when you have desent credit (and it is easier to get credit for a car than a house) after your car is half paid for or all paid for and when you finish school i would get a house then bc you wont need the extra bills while in school and with a brand new baby...................this is jyust my opioion but good luck!!!!

Answer 6

whats up captivating COWS COME FIRST continuously AND continuously!!! without your loved ones think ofyou've have been given no longer something.. the comes lamb...... you elect love on your loved ones otherwise their would be no kin and everyting will recommend no longer something tiger is after that..... you will desire to have prde to get a procedures on your profession horse and then pig you elect a profession to stay luckily with you kin to assist thm and eachother... and funds comes final reason funds comes and is going however the rest are there to stay.. and funds means no longer something wen you dont have the different issues!! edit then my answer would be: cows, horse, tiger, lamb, pig sorry approximately the different area of my answer !!

Answer 7

You should get another junky car (but safe - just to be safe), buy house that is nonetheless inexpensive (move up later), pay off debts.

Answer 8

it seems like you already know what you want to do.. the one main thing you need to do is to FOCUS! you need to start by making a list starting with the things that are easy to do first and sort by easy to hardest.. and then start by simply doing it. once you start by doing the first thing on the list it will get progressively easier from there and coming from a consummate procrastinator... follow the list!!!

Answer 9

Edna comes first.