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Sorry if y'all have better things to talk about, but I could

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Sorry if y'all have better things to talk about, but I could really use some advice here.
I'm 19, have a GED, live with my single mother, am seeking to get my driver's license, own a truck,and just started a temporary IT job at my uncle's for 10 dollars an hour for 9 hours a day.
I know next to nothing about taxes, bills, budgeting, or general financial responsibility.
Is there some sort of "How to finance for idiots" guide, or can someone tell me what I can do to acquire financial stability and live on my own? I'm kind of lost as far as where to go from here and what to do with my life. I don't have any interests for college except maybe something involving computers, but the idea of having student dept hanging over my head scares me.

TL;DR: I don't know jack about finances, please help.
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>>1723189
Oh boy. Here we go

>Taxes
If youre Uncle is legit and not paying you under the table taxes will take care of themselves. Dont take any deductions on your W-4 (employee tax form) and youll be fine.

This time next year your Uncle should give you a W-2 tax form. Take this, go to Turbotax online, plug in all in info, and youve just filed your taxes.

>Bills / Budgeting
Im assumimg you want the truck BEFORR you move out.

When you get your paycheck, youre priorities are ALWAYS in this order:
>Bills (rent / utilities / insurance)
>Neccesities (gas / food)
>Savings
>Investments (skip this until youre stable)
>Anything else.

Pay for bills ASAP. Dont put them off. Large bills you cant pay in one check, plan ahead for (example, rent is $500 / month and you get 4 paychecks / month, you NEED to be setting aside $125 / week and not touching it)

The less you spend on unneccessary things, the more you money you can save, the sooner you can get your truck.

>Buying a truck
If you can, save up and pay cash. Unless you have a trusted mechanic, buy from a dealership and not a private seller (joe shmo from Craigslist). Dont spend over $3000-$4000 on your first car.

If you HAVE to get a loan, DO NOT GO TO A "BUY HERE PAY HERE" DEALER. Their loan will fuck you in the ass. Get a loan from a Credit Union.

Take the paperwork they give you after buying the truck, and go to your local BMV to register it ASAP. Itll probably be a fee of ~$50-$200 but it varies a lot.

Get auto insurance on it also ASAP. Just go on a website (I use Progressive) and punch in its VIN number.

That should get you started. Be careful here on /biz, theres a lot of RPers on here. Crypto will not make you rich, Robinhood is not a career. Dont worry about investing until you have disposable capital
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>>1723323
Sorry for typos, typed while working
>>
>>1723323
Top post
>>
>>1723330
> working

OP's goals
>>
>>1723323
Thank you so much, I'll try to commit that to memory.
Thread posts: 6
Thread images: 1


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