Need VERY HELPFULL advice for a friend, thanks Options

[supra12big]

I am posting for a friend, heres his story from him.

Ok, i am debating something right now, and looking for some advice on what i should do. Heres the story: (Right now i have to only pay for my car insurance and car loan= $320/month plus my credit card bill) I live in michigan and im 19, my dad had lost his job back in december and hes flying to go to an interview in san diego as we speak. Now if he gets the job i am debating whether or not i should move down there with my family, or stay. The thing is, im not sure if i can support myself....i took out a 5,400 dollar loan about 2 months ago to buy my $11,600 srt4 and i pay $215/month for insurance. I work partime @ $9.45/hour and i am going to community college full time (so i dont make that much but i plan on working 2 jobs in the summer). If i do stay i have a good freind that would be able to let me stay at his house (if not then im defenitely moving to cali). I really dont want to start a whole new life over there and i would also have to sell my car if i moved there. Basically if i stay, i would have to finish paying my car off, pay for school, all my necessities, and i dont know about health insurance or what? For car insurance, i am under my families plan so i dont know if i have to be taken out or whatever. Im looking for advice with people that had to do something like this on their own, so looking for some MATURE help/advice. What would you do? and let me know if theres other stuff i need to think about living pretty much on my own.

thanks people, its a hard time right now.

[95CelicaST]

Purchasing a newer car with a loan on a part time sub-$10/hr job was the first mistake.

When you're in school you need to minimize the amount of money leaving your wallet each month and maximize savings. I didn't buy my new car until I graduated and was making over $20/hr.

My suggestion (although you probably won't heed the advice of people on teh intarwebz) is that you sell the Neon, get rid of that car loan (I hope you're not upside down(owe more than it's worth) on that loan now). Grab some cheap transportation, and start saving money. Is the car registered to you? Or your parents? If you're on their plan it must be in their name, and will need to be registered to their new address in California, which will require CA plates, which means the car would have to be in CA to pass inspections. Besides, if your family moved to California and your insurance is in their name your insurance card would have a California address and you're in MI. Some police officers would think that was awfully suspicious.


Sell the car, save your money, be less stressed out. Yay!