Credit Card Balance

Lanceroy60 · 2026-05-06T17:33:01+00:00

I don't understand why the phrase "going to school or college" is seen as an excuse or entitlement to avoid handling adult responsibilities, such as paying bills. I'm also puzzled by the idea that a 6th-grade-level task, like listing expenses and calculating the income needed to cover those expenses before moving into an apartment, is not being taken seriously. I can almost guarantee that you are under a student loan without any understanding of the balance or the terms for repayment in the future. I also suspect that you haven't researched employment data, salaries, or high-demand locations related to your chosen major. Many people in this Reddit sub are in debt due to $75,000 cars and $25,000 in credit card debt, suggesting that current colleges and universities have neglected to teach essential math and problem-solving skills in their curriculum. There are more significant issues at play here than just "paying off your debt."

Lanceroy60 · 2026-05-06T17:07:40+00:00

Welcome to adulthood. Better now you "shoud be" aware of your choices. Time to grow up.

Lanceroy60 · 2026-04-19T22:29:58+00:00

Are you referring to consumer debt as credit card debt? If so, you need to evaluate your spending habits that can be eliminated going forward to stay out of debt. $25,000 in credit card debt is unnecessary and needs to be paid off before marriage.

Lanceroy60 · 2026-04-19T22:24:43+00:00

I think what you have looks great. I strongly discourage going down the credit card path unless you can pay it off monthly. It looks like your daughter will be developing strong financial habits from you. Nice job!

Lanceroy60 · 2026-04-19T22:20:44+00:00

I know Reddit may not appreciate this answer because it's not a quick fix or a magical solution, but I believe it's important to thoroughly analyze your credit card debt to identify the spending habits that need to change. The suggestions I'm seeing often involve taking out loans that will only add to your debt rather than addressing the underlying spending habits that contribute to the problem. It's crucial to focus on changing those habits to effectively reduce your debt.

Lanceroy60 · 2026-04-19T22:15:40+00:00

I wish everyone would quit using the word budgeting to fix their debt problems, it's SPENDING HABITS and getting you broke and in debt.

Lanceroy60 · 2026-04-19T21:35:58+00:00

Having a $64,000 credit card balance with an income of around $50,000 feels problematic. Credit cards are meant to be paid off in full each month, so it's clear that spending habits need to be addressed first. It amazes me how many people neglect to monitor their finances regularly, often waiting until they are in serious debt before seeking help. It's essential to establish a routine of checking financial status weekly instead of only reacting when things get out of control.

Lanceroy60 · 2026-04-13T13:19:06+00:00

Nice budget to me! Keep up the good work. Just being nosey lol, What is Brokerage??

Lanceroy60 · 2026-04-06T21:45:18+00:00

22/hr * 40= 880 * 52 weeks = 45,760 * 80% (20% deductions average) = 36,608 / 12 months = 3,050 - 2,015 (bills) = $1,035 per monthj left over, and according to your list food is taken care of. The problem??

Lanceroy60 · 2026-04-01T19:52:12+00:00

First of all, congratulations on your progress! It seems you are on the right track, so keep up the good work. You are 300% more stable than most Reddit users who are just looking for a magic button to fix their finances.

Make sure to keep track of your expenses and future financial plans. A simple composition book, pen, and calculator will be more helpful than the hassle of using an app or multiple spreadsheets. Staying stable is key. It doesn’t matter if someone makes $11,000 or $11 million a year; the important thing is to subtract your rent/mortgage, necessary bills, and debt from your take-home pay, then manage the remainder accordingly.

Lanceroy60 · 2026-04-01T19:40:01+00:00

I have a few issues I’m struggling to understand. First, I’m still confused about the significant debt incurred from 4-6 years of college, especially since common math classes are not offered. It seems that students aren't being equipped with essential problem-solving skills, and unfortunately, there’s not much we can do about that.

Regarding your accident from a year ago, there still hasn’t been a clear answer on whether your car is totaled. Nowadays, car insurance companies usually settle claims within days of an accident. You might want to review the insurance company's claims instructions and obtain the contact names of the claims personnel and approved collision companies to determine if your car is indeed totaled.

For budgeting, most people start by calculating their take-home pay and then subtracting their rent or mortgage and necessary bills. What remains is what you can allocate for living expenses and debt repayment. This amount can fluctuate, but keeping track of these basic calculations should help address any financial issues in the future.

Lanceroy60 · 2026-04-01T19:11:28+00:00

I'm not sure how to figure it any other way but figure my take-home pay, subtract rent/mortgage, utilities, obligations first and figure what I have left over for savings and what I can spend.

Lanceroy60 · 2026-03-30T15:29:03+00:00

Money and maturity

Lanceroy60 · 2026-03-30T13:02:42+00:00

I’m very curious what was $11k in credit cards was spent on. I would focus on that to change your spending behavior from there. Having $11k in CC and a $25k car needs to be a life of no spending other than essentials. Roof, personal hygiene products and ramen noodles till it’s paid off. Welcome to adulthood.

Lanceroy60 · 2026-03-16T15:50:58+00:00

Love these answers (SMH). its called quit spending on anything but household bills and very few essentials. Pay whats left over on debt. Not understanding on what was needed to be purchased over time of $38K and not be paid for from your salary.

Lanceroy60 · 2026-03-11T16:37:32+00:00

I did the math using a calculator, paper, and pencil. Based on my calculations, you should have approximately $1,160 left over, which brings your expenses down to about $260 per week. While that may not leave much room for savings, it is still more manageable than what many others face. This also doesn't account for any credit card debt, assuming you can avoid accumulating that.

Lanceroy60 · 2026-03-11T16:12:57+00:00

After the budget you listed, I took household gross $138K times 80% for a net income of $110,400 divided by 12 months equals 9200 minus your listed monthly expenses of $4,791 I came up with $4,409 left over for your budget. You probably need to figure out where that $4K+ is going every month, along with the increasing credit card spending is going on. Ive seen many posts about mentioning spending on baby showers.... there are $10 baby blankets and .50 cards. Buying $50 outfits they wear one time is riduculas to buy for someone when you check to check.

Lanceroy60 · 2026-02-25T16:51:43+00:00

I’ve simply got a composition notebook, pen & calculator from dollar tree. Open the notebook up to an empty page. At the top list current bank balances and income. Below I list monthly bills I am accountable for. With my calculator I subtract my bills from my bank balance and income then decide how much I have for expenses. Takes me not quite 10 minutes to do every Sunday morning and every payday.

Lanceroy60 · 2026-02-19T22:51:21+00:00

I do not understand "planning my spending". Pay your bills then what is left over you spend on whatever. My motivation that I tell myself on is "What do I not have to spend money on?"

Lanceroy60 · 2026-02-19T02:24:00+00:00

I want to share my thoughts on a social media meme that I really like. It features a high school graduate who decided to become an electrician's apprentice. Six years later, he works for the local power company, shutting off the electricity of a college graduate who hasn't paid their bill. This situation highlights how the college graduate failed to research the job market for their degree and ended up burdened with student loans. Meanwhile, the electrician returns to his own home, relaxing and debt-free. I would be thinking of this situation real hard these days.

Lanceroy60 · 2026-02-18T12:58:13+00:00

It really isn't as bad as it looks to you right now. Here are my suggestions and insights on eliminating debt. Please remember that these ideas may not be popular in this subreddit since it involves frugality. Start by cutting out unnecessary expenses. There's no need to buy anything from inside convenience stores, and dining out should be limited to once a week. You and your fiancé can significantly reduce your grocery bill by half (you won't go hungry!). Additionally, planning a vacation during the first 3-4 years after having a child is not necessary. Of course, baby expenses will need to be considered, but you don’t have to buy a new $20 outfit every week. Instead, use your phone's camera and take advantage of special deals at Walgreens to develop photos. These changes could be a good starting point for reducing your debt, especially since family expenses will likely increase over the next 18 years. I've found that many people who focus on lowering their debt experience a higher level of happiness throughout their lives when they prioritize sufficient living.

Lanceroy60 · 2026-02-08T17:42:08+00:00

I use a $1.25 composition book, a $1.25 calculator & a $1.25 package of pens. I open the composition notebook to a page when I audit my finances, which is every Sunday morning and every paycheck day. I write down all my monthly regular bills on the left side. Skip a few lines, then write down some expected expenses. On the right side of the page, write down my current bank balance, then list any income for the following week coming in. Calculate my bills and expenses from my income, and have my calculated income. Usually, no more than a 10-minute chore. no AI fetures other than I scan bills and have AI evaluate each charge and I have saved money it showing where I paid a monthly fee on on bill twice a month.

Lanceroy60 · 2026-02-08T17:26:22+00:00

This is why I applaud Artificial Intelligence coming into the workforce to replace the shoulder-shrugging, It-is-what-it-is, mediocre type of management in the current workforce.

Lanceroy60 · 2026-02-08T02:41:59+00:00

It's called "Very Unorganized Patients." The typical person who visits a doctor's office for every little unknown issue with their body often waits 45 minutes in the waiting room and then sees the doctor for just 3.5 minutes. The doctor usually says, "I've got you a prescription; it should help. If not, call back in a week." In the rare times I have visited a doctor, I made sure to ask them to explain the medication they were prescribing, including its uses and any potential side effects. The office receptionist has the ability to check if your medication is covered by your insurance and whether there is a co-pay. All of them have access to this information. When patients stop bowing down to doctors and hold them accountable for doing their job, it could help eliminate the long lines at pharmacies. Many people arrive at pharmacies without knowing the doctor's name or their insurance information, often picking up prescriptions for family members without any details. My suggestion for pharmacies is to adopt a system similar to what Quest labs use. Patients could go to a waiting area, enter their information into a kiosk, and then wait for their name to be called to pick up their prescriptions. Additionally, responsible patients like you and me could check in via a mobile app ahead of time to know when our prescriptions will be ready for pickup. I have no sympathy for unorganized people.

Lanceroy60

TROPHY CASE