Damn.... I had no idea accountants only made $45K in HCOL areas.
You obviously have very little expenses, so you can't cut spending. You need to get a higher paying job somehow or continue to live with your dad and funnel most of your money to those huge loans.
I recommend snowballing so you feel little wins.
Hahahaha. That's funny. I see lots of fat to cut, but then it depends on how serious the OP is about digging out of this mess.
If it was me, I'd be laser-focused on the enormous debt ball, so all extras - gone. Facepunches to follow, but I'll try to land them gently. I'm not calling you stupid - just some of your decisions (and this is the obligatory part where I say "because we've all made stupid decisions so please don't get offended").
Payroll Deductions:
Gross pay (bi-weekly) - $1,657.47
Fed Income Tax – 167.16
FICA – 99.17
NJ Income Tax – 35.51
Medicare – 23.19
Pension – 121.66
Unemployment Insurance – 7.04
Unless this is mandatory, cancel it.Disability – 3.98
Unless this is mandatory, cancel it.Pre-Tax Dental – 9.03
Pre-Tax Health – 48.94
Family Leave Insurance – 1.66
Unless this is mandatory, cancel it.Roth – 76.79
Unless this is mandatory, cancel it. You don't have the change to spare on saving for the future right now, because your past self screwed your current self over. Stop all contributions and just let it alone unless you're receiving a match from the employerContributory Insurance – 8.29
Unless this is mandatory, cancel it.Union Dues – 19.12
Unless this is mandatory, cancel it.Net Pay (bi-weekly) - $1,035.93
Other Ordinary Income: $450/month from my parents towards my student loans
AGI: $2,522 Monthly Income
Current expenses:
Current Non-Mustachian Budget (Being completely honest here!)
Lease Payment - $243
Car Insurance - $85
Gas - $175
Tolls - $25
CC Payment - $375
Transfer to Savings - $25
Where is this savings account in your assets? How much do you currently have?Student Loans - $909
Is this IN ADDITION TO THE $450 your parents front you for school loans? Holy crap on a cracker.Groceries (includes personal care, cleaning supplies) - $400
You are a single person right? I honestly can't even fathom how a single adult person spends $300 even in a high cost of living on groceries and toiletries. Cut this to the bone. You should be able to cook. Look up cheap, easy meal prep like Budget Bytes, start shopping real, cheap foods and batch cook. You should be able to cut this to $150 a month if you really tried. Medical (doctors, prescriptions) - $90
Restaurants/Fast Food/Bars - $100 (if you can believe it, this has tapered down over the last few months)
This is fucking horrible. Stop all extra spending on stuff that isn't necessary for living. Eating out at a restaurant or liquor in a fucking bar? Holy shit, seriously, do you really want to be in debt forever?Misc. (Clothing, concerts, movies, & “wants”) - $84
No. You have no reason whatsoever to spend one red cent on "wants." Stop acting like you even have money to spend - every future dollar for the next several years is already spent - you have to change your mindset.Netflix - $11
Gone. Go to the library and rent movies/television series for free.Total Budget/Payments: $2,522.00
Stop with the idea of leaving your parents house. They are amazingly generous in letting you live there, and also paying some of your school loans, so I would hope that living there isn't so terrible that you can't stay for a few more years until you get a better handle on your debt. As long as they are okay with it, it is a FANTASTIC deal for you. Moving into your own place -even if you got roommates - is a terrible idea right now. You have too much debt to even afford rent/rental insurance/utilities/furnishings/etc.
You have no assets. The car is not yours; it's the finance company's property. You can't even sell it and get out of the lease or anything without owing a giant balloon payment - which is typical of Volkswagon (and many other lease type situations). You have a stupid stupid lease with a giant fucking idiotic balloon payment - you're paying them to take a piece of shit car back at the end of the stupid stupid lease. You have to find another vehicle this year and you have no savings or even way to do this other than finance again. Don't do that. Find an older/reliable car and buy it outright with the savings of all the extras you should cut I mentioned above (at least this will drop your insurance down since you won't have to pay full coverage). You should be able to save up around $2,500 by November not even counting the payroll deductions since I wasn't sure how many are mandatory.
Find a job closer to home. Start looking ASAP. If you can cut back on the commute you should also be able to save on the gas/tolls. And I agree it should pay lots better as well. Any raise you get is gravy compared to the commute cost reduction.
Cut out all extras. I am being seriously hard about this stuff, but you need to understand you have hair on fire debt. You should be PANICKING and freaking the hell out - and if so - seriously cut out all the wants and fun stuff for at least a year it will take you to dig out of the car mess and credit card and get on top of your school loans and maybe in a few years if you are lucky enough to find a better paying job closer to home, might have the ability to move out on your own.
Fun stuff should be free stuff for quite some time. I mentioned the library - they rent movies, books, music - for free. They sometimes offer interesting classes. You can ask friends over for movie or game night or hang out at their place - learn to cook some fun meals and cook together and watch television and talk and play games. If you need clothes, thrift shop, if you absolutely have to replace anything. Learn to cook, and I hope to dog that you're packing your lunches every day and not spending $10 a pop at some stupid restaurant.
I mentioned this above, but really really try to understand - your loans, your car mess and your lower pay combined with some poor past decisions mean you have no spending money -
you are earning money NOW that you already spent. That is what debt really is. Every dollar you blow now on wants is costing you extra hours/days/months/years in that debt hole. Until you choose to make some sacrifices NOW - future you is going to be stuck right where you are in the present.
No one things this stuff is going to be easy. It will suck when your friends ask you to go hang out at "really fun bar" and have a few drinks, or totally amazing band is playing next month - let's get tickets!" and you have to say no, I can't afford that. It is going to be sad, and you're going to feel left out sometimes. But it is temporary pain for long term happiness.