Well, yeah, I guess I didn’t really give you the whole story. Yes, I am a terrible money manager. I have a full time job earning $10.50 an hour, I think, before taxes. After taxes it seems like it’s about 25 cents an hour, but I’m not in the 97.5% tax bracket so that can’t be true.
As to the $105 a month in interest, that does seem pretty low. I suppose it’s not the interest that’s killing me, as much as the fees, since there is a $25 fee for being over my credit limit, and my credit card company charges me to report me to the credit bureau (at least I think that’s what that Sentinel charge is).
I’m not really settled on the bankrupcy idea, I’m just in a panic right now because my paycheck is late (although they say it’s not late, it’s just been early every other time they’ve paid me), and I just got this weird $2000 charge from the IRS that I don’t understand, and I can’t really afford to take it to a tax accountant.
A lot of my taxes are from capital gains on a trust fund that I do not have access to. The fund pays its own taxes, in theory, but it never seems to work that way in practice, since it costs me a bunch of extra money to pay accountants to figure it out for me.
If you hadn’t already guessed, I’m one of those stupid overgrown kids who inherited a lot of money that everyone despises (despises the kids, not the money). I heard about all the college kids on NPR that run up thousands of dollars in debts … I’m like that except a lot older.
I guess I make about $15,000 a year not counting all the capital gains I don’t have access to until I’m fifty. The other part of the story I didn’t mention was my car, which costs $225 a month plus a little over $100 a month in insurance, plus all the fees I get for paying late for aforementioned reasons of appalling money management. So I should probably try to get out of my five-year automobile lease … I don’t know how hard that is going to be because frankly I’ve been too scared to ask.
The last part of the story is I owe about $2000 in medical bills, but my doctor is kind enough not to nail me for interest on those. My job doesn’t have medical insurancethankyousenatordole and I’m waaaay too rich to get public assistance. There is a plate in my leg from getting run over by a car, which has been irritating my leg increasingly in the past few months, but I don’t anticipate having enough money to have the plate removed any time soon, like, say, three or four hundred years from now.
But your suggestions about talking to the IRS and credit card’s hardship department sound like they are worth looking into.