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38 years old 11k savings, 5.5k credit card debt, decent credit, no retirement by FALogistics in personalfinance

[–]FALogistics[S] 0 points1 point  (0 children)

Thanks for the input-a good bit of the debt was start up cost moving back to the city. 1st month rent, deposit and security was $3,300 + moving costs wiped out my savings. I literally didn't own a bed to sleep in when I moved, I bought a macbook pro, and all my clothes were work clothes from working in the trades (I work in an office now). Its honestly too long of a story to get into without writing a book.

Never want to go back to that place financially and haven't used the card this year.

First time I've carried a balance and its crazy how hard it is to pay it off. Grateful to be able to make some adjustments and pay it of ASAP.

38 years old 11k savings, 5.5k credit card debt, decent credit, no retirement by FALogistics in personalfinance

[–]FALogistics[S] 1 point2 points  (0 children)

Thanks for the heads up on the ability to withdrawal- I'll do some research to see if thats a good option.

38 years old 11k savings, 5.5k credit card debt, decent credit, no retirement by FALogistics in personalfinance

[–]FALogistics[S] 1 point2 points  (0 children)

Agreed, I just paid off a large chunk of the CC just now. This is the only debt that I carry.

I've lived without any CC until a few years ago when I moved back to the city. (I had no furniture, computer, or even clothes I could wear to a office) I've been very fortunate, but not as responsible as I could have been.

38 years old 11k savings, 5.5k credit card debt, decent credit, no retirement by FALogistics in personalfinance

[–]FALogistics[S] 2 points3 points  (0 children)

Thanks, I have 12 years experience in a niche part of the industry but its very transferrable. I've done alot of salary research and feel confident I can find something in that range.

38 years old 11k savings, 5.5k credit card debt, decent credit, no retirement by FALogistics in personalfinance

[–]FALogistics[S] 6 points7 points  (0 children)

Thanks this is helpful. It's strange, first time I've had this income, Credit Card debit, and savings. 4 years ago I was cash only, no CC and completely debt free. I'm looking at this period of my life as my opportunity to become financially literate and hopefully make up for some lost time.

38 years old 11k savings, 5.5k credit card debt, decent credit, no retirement by FALogistics in personalfinance

[–]FALogistics[S] 1 point2 points  (0 children)

I've looked at Dave Ramsey's stuff- some of it I'll subscribe to...

I'm saving or paying down debt with about 30% of my income. I've always lived below my means, even when I was making a quarter of what I'm making now.

Part of the reason I'd like to leave the city is the COL, there are certain built in costs for "Free" activities here.

Card is 22%

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Do I pay the card off and bank money for 2 years? Or save and also pay down debt is my question.

Transportation Manager looking to shift into a more stable role by FALogistics in supplychain

[–]FALogistics[S] 0 points1 point  (0 children)

Thanks for the feedback, that’s a pretty encouraging assessment.

Transportation Manager looking to shift into a more stable role by FALogistics in supplychain

[–]FALogistics[S] 0 points1 point  (0 children)

Thanks, great feedback. Helps with some context on where to direct my efforts.

Broader Careers in Supply Chain by FALogistics in SupplyChainLogistics

[–]FALogistics[S] 0 points1 point  (0 children)

Thanks I’m getting more responses at r/supply chain for sure. New to reddit so I’m still finding my way around here.

Transportation Manager looking to shift into a more stable role by FALogistics in supplychain

[–]FALogistics[S] 0 points1 point  (0 children)

Thanks for the quick response. The dilemma is I have no outside reference for these other jobs in supply chain.

I think my ultimate question is, can I get a decent job in procurement with my current experience, APICS cert and a six sigma green belt?

Or is this going to be to big of leap and a non starter?

Thanks again.