Minus $426 In My Bank Account And Getting Worse!

[NYTSKY]

Its bad when people have to learn the hard way,but atleast then you wont follow the same path.

Like you im a huge car nut aswell as most people on this forum.But if you cant afford it,there is no point going to the credit cards for money.

Credit card = evil (if you dont use them properly)

Better off not owning one(like me)

My advise would be to draw up a budget:

1.What you earn.

2.What you need to live(living expenses)

3.Work out how much you can afford to pay per week on your debts.

4.Try and refinance so you can put all your debts into one and have one repayment.

Car will have to be put on hold until these things get worked out.

There is plenty of time to play with cars(being only 19)

When i was 19 i owned a 1972 VW super bug.Got me from AtoB.

Then EB ford on LPG.

Then EF ford(modified)

But all the time waiting for the chance to own my dream car.And now i have it.

It all takes time so dont worry about it too much you will get there in the end.

[esky_mad]

quite easy thing to do dude. stop spending on your car until you can actually afford it!!! im only 19 aswell ive got a loan and credit card etc and im an apprentice and live with my girl but i never miss a payment!!

ive brought heaps of things for my car but always made sure it never hampers on my payments.

just use your head. dont buy something without thinking it through.............

[CEF11E]

I was in this exact situation 3 years ago. I sold my modded cefiro and bought a cheap car for $5000. drove it for 2 years and saved every single cent. paid off my 10G loan and saved another few grand. shold the shitter and bought a clean cheap R32 cash....

no I save 2 grand every month. there is a few $$$ left over after living expenses to sepend on the car still. so it can be done. I live like a pauper, but a pauper with savings and a modified skyline

and I never worry about money anymore

you can do it mate, it just takes a little discipline

goodluck!

[machg]

Hang in there dude, money is just a tool, and you need to learn how to use this tool. I'm interested in why you want to spend big $$$ on a car to take on the track. I always wanted to get on the track soooo bad, and I did it as soon as I could, but I did it in a pretty crappy, but fun car ($1800.00 Twin Cam Corolla) Had a ball, learnt heaps and didn't cost me more than a few of hundred dollars total in preparation. I reckon what's actually brought you undone is not the fact you want to get on the track, but you were unrealistic about what you needed to get there. Get on top of your debts, then work out where you want to go with motorsport/your car and how you are going to get there, break that up into small, achievable steps, and you'll get there eventually.

[skybarge]

keep your chin up dude

I know the feeling, i've had just over 10 cars in the past 2 years, and recently bought a house(i bought it for the garage and because the missus needed a place to live and I didn't want to go flatting)

But yeah, don't get a house, you'll have even less money,

What do you do at the moment?

Get a higher paying job, there are heaps going round the place :0 or get a weekend job to match the job you have

Don't worry about only 426 in the bank, i'm - $1500 on credit card + -260k on the mortgage :S but i'm not worried, money is only an object and I keep paying it every month anyway.

I think you should just take things easy, pay back the money in the bank before you do anything else

To keep you busy, do the free stuff, I can't afford to do anything now, I work at a uni, so luckily I've got access to a few things, I got a few computer parts off a colleague and I'm getting some dry ice to strip my sound deadener out...

That'll keep me busy for a few weeks at least, have you got a buffer and some polish? if not get a chamois and a buffing rag and spend a few days cleaning your car spend a few hours on each panel and you'll love the look, it's cheap to free as well if you already have the things

[Medium Dave]

A friend said to me "Money is only an issue if you make it one"

I had to get realistic recently and sell my beloved 32gts4, and the subaru, and I am so much less stressed! I havnt owned a car for 3 months now and IT SUX, but at least I have money coming in to pay off a few leftover debts, pay the morgage, and put a few dollars aside for my latest project - building a clubman

Edited August 3, 2007 by Medium Dave

[jong]

hey man

cars are excellent, but they shouldn't take priority in your life (unless ur in the car/racing industry)

i say take a break from all this car business and pay ur debt off slowly. i dunno ur financial situation so it could take 6 months or maybe 2 years. but yeh every1 else is right, the track isn't going to close tomorrow.

u don't wanna sacrifice everything else that's important to u in ur life for ur skyline.

plus cars should be bringing u happiness, not gettin u all depressed. maybe just right now isn't the time.

good luck wiv everythin.

[nemz]

been there done that, when i moved from qld to nsw, i was out of work for 3 months with 2 skylines 30k+ in debt and no income in 3 months i was well over 4k behind in my repayments, just as soon as i was earning money again worked alot of o/t and pumped it all into my loan for liek 2 months got back infront of the repayments, a year and a bit later i was 8k in front, now ive gotten rid of that loan and brought more cars and once again infront, i think u learn from the first time!! i think i payed over 1g in excess charges for not being able to pay