Growing up advice

[garner]

Hey everybody I need some advice and you guys are like family so I know you'll steer me in the right direction. Well I'm graduating on August 20 and being only 16 it'll limit my job opportunities due to government regulations, labor supply and demand curve, and the like. Anyways I have some connections at dealerships for jobs but that is far from guaranteed so I'll probably be stuck to the average high school graduate jobs and I figure I'll be making about $1,120 before taxes and all that based on 40 hours a week and minimum wage. What I really want to do is take over all my financial responsibilities from my mom such as my truck payment, gas, and insurance which comes out to around $1400 a month. And I would like to have extra money for savings in case something goes wrong. Yes I'm willing to work 2 jobs for more hours.

So my question is what should I do about the truck? It seems like it would be smart to get rid of the R/T and get a cheaper vehicle due to lower monthly expenses but I'm worried about loan rollover. And if decided upon I would like to get the cheaper vehicle by myself but I don't have the money saved to pay cash or even for a down payment and I don't really want my mom to front anymore money because she has already fronted enough money and needs as much left as possible for the rest of her retirement. What do you guys think I should do about my situation?



Yes I know I have to get this approved by my mom, but I just want some advice before I talk to her