How do I balance my life financially with a $475.00car payment, $500rent, $200 credit debt, with 1300income?

Not to mention food, gas, car maint. Do I sell my car but it's not paid off and I don't want to get ripped off, I have invested too much money into it. I really want to settle for something cheaper but where do I go? I need help! Please if you are a finance expert or just know how to help please do so....

Absolutely you need to sell your car and buy a cheaper one. Then you need to consider a roomate. it will help with your other expenses, too.

get rid of the car and the credit card , you will never get ahead paying interest for anything

get a second job and pay off the credit card first.

you dfefinately have a problem , wish I could help , welcome too the real world , we all do that , get in over our heads I mean

I feel you! I am in the same boat. I just sold my car and am looking for a cheep jeep wrangler for like $1500 but keep in mind I only drive 6 miles a day to work so I didn't need the big fancy car or the payment. Also keep in mind that once you get back on your feet it is easy to get another car loan. That should help you a lot. You won't have that payment your car insurance would go down as well. Second of all either pick up another job part time until you get a raise or promotion or find a better paying job. Look at it this way even if you get a min wage job part time you should make at least $100 per week which would be an extra $400 per month. That would give you some breathing room. Look for a job you can do before or after you current job so you can still have two full days off a week to enjoy the money you are working so hard to make.

I've been there. DH & I got our act together using Dave Ramsey's "Total Money Makeover" (available at most libraries & bookstores). It has been a total blessing. We haven't borrowed money in about 4-5yrs, we have a workable budget, our cars are paid for & our house will be in about 5 yrs. Best of all, our 17 y/o now has his own job, pd for car, budget, savings, etc. I highly recommend it. It will revolutionize your whole life if you do it.

How did you qualify for a $475/mo loan with such a low income? Did you get a pay cut?

You didn't "invest too much money into" your car, you threw that money out. Sell the car -- it is not an investment, and you definitely can't afford it.

Is that $200/mo on existing credit card debt? So you owe about 10K? You need to make paying it off a priority (and/or moving it to a low interest rate card).

You can take out a debt consolidation loan. Most likely the rate will be lower than what you're currently paying, so your payments will be lower. You can use the website below to comparison-shop

YOU COULD CONSIDER REFINANCING YOUR CAR. NOT TYPICALLY A GOOD IDEA THOUGH.TRY TO GET OUT OF THIS W/O TAKING ANY MORE DEBT.

You definitly need to read Dave Ramsey's books "Total Money Makeover" and "Financial Peace", and go to the web site and listen to the podcasts. My husband and I ALWAYS PAY CASH!!!! Thanks to Dave's advice.