Advice on setting up my finances?
Not sure I would mark this only as “debt” but I need help Managing my finances.
I am 24 years old and I make roughly $2200 a month. I currently live with my mother and I pay $500 in rent to her. I also pay $260 for car insurance. I have a few subscriptions totaling to around $25 a month. I also pay for a storage unit which is $80 a month. Finally I have around 3800 in credit card debt that I pay around $200 a month on. I also have no HYSA and the way I have my Ira/401k setup is through my job and I’m not sure if it’s even setup correctly for the maximum benefit. I basically just get my money deposited into my TD checking account and that’s really it. I also live in New Jersey down by the shore. and my pay rate is $20 an hour.
Should I open any new accounts? I know td is not good I only have it because it’s my account from when I was a teenager and it’s the most common local branch near my house. And the navy federal I only have for certain loans if/when that time comes.
I am not financially literate at all so any guidance is helpful. I try doing my own research but a lot of what I come across seems kinda sketchy / not helpful.
If anyone needs more info from me in order to help out I will gladly give it to you.