Im a 22 year old Combat Veteran. I recently separated from the army. My life has been on a downard spiral for a while now and its 95 percent my fault. I never really understood how financial struggles could affect your life until i gpt in the army. My first mistake was not saving. If i had done that i wouldn’t be here right now.
1. Im 20 at the time. Had just gotten my taxes and had a little money saved. I figure hey i should get a car. Instead of asking for help with the process. I go to a dealership and end up getting stuck with a 435 a month note plus 240 for insurance. At the time i was making about 1600 a month. Not too bad right, but of course i create more problems for myself. My uncle passed in ocotober of 2013. I didnt have the money to fly home so i had to take out a loan. Thats 100 dollars from every check. I got promoted not too long after. So im now making 2000 a month. I decided to purchase my moms a mother’s day gift. I also got myself a gold watch that i financed. That is about 150 out of my check every two weeks. So then i have to take out another loan just to get home, again. At this time my bi-monthly check is down to roughly 405. The loan takes out another 100 dollars from my check. Down to 305. So now im making 610 a month. Less than an E-1 in the army.
Next entry will be in the morning. Ill finish up my background and tell you how i got to this point in my life.