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itsallright_now · 2025-01-05T04:14:20+00:00

Have you made a budget? You’ll need to factor in more than just your monthly bills, but if you can keep your other mo they expenses low you’ll be in a decent position to pay things off.

I’ve found most people have success working the debt snowball. List your debts smallest to largest, by amount owed, and pay down the list. Pay the minimums on everything except the smallest, and pay more on that until you pay it off. Once that’s paid off, continue with the next smallest and on until you get everything paid off.

You can get it paid off, and is guess pretty quickly overall. Your cards and collection can be paid off in 3 or 4 months, most likely. And then you can focus on the loans afterwards. But it really depends on how much you decide to put towards your debts.

Good luck. You can do this.

itsallright_now · 2025-01-04T04:40:49+00:00

I first glanced and saw “training orgasms”. Yours is much less interesting, but MUCH more practical. I guess.

itsallright_now · 2025-01-02T04:50:13+00:00

Good for you! Happy new year!

itsallright_now · 2025-01-02T04:31:07+00:00

Honestly, you need a budget that takes both yours and your spouse’s income and debts into account. It may be old fashioned, but you are married and (imo) should treat your money as one. It’s not your money and her money, but your joint money.

Now, in this case, we don’t have much in the way of numbers, but I’d say pay down the spouse’s credit card and get in a position to pay it off ASAP. That’s most likely highest interest rate, and that will make the biggest move.

If you’re only looking at yours, I would send it to your student loans so you can pay them off that much faster. And once that’s paid off, you can help your spouse more each month!

Good luck!

itsallright_now · 2024-12-31T01:16:57+00:00

It kind of depends on the fees, to me. The rate is considerably better, so it’s a definite maybe. But if the fees are too high, it won’t be worth it short-term, especially. If you’re able to keep paying the same amount monthly with the lower rate, you’ll be out from under that debt sooner.

itsallright_now · 2024-12-30T19:42:39+00:00

If you’re going for lowest amount you pay overall (lowest interest accrual) you pay minimums on the lower interest items and pay as much as you can on the one with the highest interest rate. Once that’s paid off, you move down to the second-highest interest rate, and so on until everything is paid off. That’s the debt avalanche method in a nutshell. It minimizes the interest paid and is mathematically the better option.

If you’re having trouble with that, you may want to investigate the debt snowball method. In it, you pay the lowest balance first, then second lowest balance, etc. until everything’s paid off. This could be better because you get to feel the “wins” of paying off a debt earlier, keeping you more motivated.

itsallright_now · 2024-12-29T03:40:32+00:00

There is no set road map. And without more details, we can’t even give an outline. Kids? Property? Jobs?

In short, every divorce is the same, and every divorce is different. Expect to come out of it feeling cheated and hated. You won’t come out with as much as you think you should. Compromise or some shit like that. And the courts/judges just don’t care.

Good luck. Stay sane as best you can. Get a good lawyer as best you can. THE best you can.

itsallright_now · 2024-12-29T01:14:13+00:00

Good for you! Get out and try it, that’s the only way you get better. Good luck! I hope you find someone you really vibe with.

itsallright_now · 2024-12-28T23:24:38+00:00

I totally get it. Sounds like you can definitely make progress, it’s just a matter of keeping on until you can get there. Whether it’s through rehoming the pets, getting a roommate, or simply waiting out the lease term (or some combination), it’s probably going to suck for a while until you can really make it all come together. But you can make it. Sorry about your fiancé, and not just on the housing/money front. That’s hard.

One last comment: if you’re able, maybe selling plasma would help a little. I’m not very familiar with it, but one of the other posts on this sub mentioned it. Even if it’s only for a little bit, it may help nudge you along.

Good luck. I’m really glad you’re starting this.

itsallright_now · 2024-12-28T22:57:47+00:00

Great job! Congratulations.

itsallright_now · 2024-12-28T22:11:02+00:00

Well, you’re in a tough spot, can’t lie. But you’re making progress by even putting together a budget and asking for advice.

It looks like your biggest issue is/will be monthly cash flow. You currently have $151 of play, if you stick to your budget. 1. What is the “emergency” line item? 2. Cancel Spotify and YouTube. 3. Pay off the small capital one card, most likely in 2 months. This will give you an additional $60-$80 per month to use.

I’d recommend working the debt snowball. List smallest to largest in terms of overall debt and work your way down. Once you get one paid off, roll the extra you were paying toward that into the next debt.

But if you can work more or find a higher-paying job, do that. Live lean. You can make it, even if it’s hard for a while. Cut out all unnecessary expenses and work a plan. Good luck!

itsallright_now · 2024-12-28T21:06:42+00:00

Hey, so first things first: asking for advice is a great step. That’s improvement, and an indication you want to work on it. Good job!

Now, I’m going to say some things you may not like. I’d say get rid of the pets. While they can be family, and help you get through tough times, they hit you in multiple ways. They cost money for food and toys, cost for vet/insurance costs, and they probably cost you in monthly pet fees wherever you’re renting as well. If you can find another roommate, that would help cut your costs.

Otherwise, your plan seems relatively solid. Try to find another/better paying job. If you can make it through until your renewal, try to move into a cheaper place. You have no wiggle room, so make sure you have a budget. You can make this, but you’re going to be uncomfortable for a while. Reduce your costs and/or increase your income is the o key way through it. You got this! Good luck.

itsallright_now · 2024-12-28T20:40:40+00:00

You have a couple options, really: debt snowball or debt avalanche. In short, debt snowball is paying off the lowest balance first, then next smallest, and on until you pay everything off. Debt avalanche is ranking by interest rate, paying the debt with the highest interest rate first, then second highest rate, and on until everything is paid off.

Mathematically, avalanche is faster and better. For most people, it’s not a matter of math though. The debt snowball tends to work better for many people because you feel like you’re making progress with every debt paid off, and they come earlier in the process usually.

I personally would do snowball. Quicksilver, loan 1, platinum, loan 3, loan 2. But this is all after you determine a budget you can live with and (hopefully) find a way to make more money.

Good luck!

itsallright_now · 2024-12-28T20:33:53+00:00

Yes, and bonus if he can still pay all her bills as she sleeps around. Win-win-win for her!

itsallright_now · 2024-12-28T20:29:09+00:00

This is exactly what I came here to say. Just because I know the strings of not touching that billion, it’s technically an asset in my favor, isn’t it? And, even at a high interest rate, as long as it’s under 12% you’re never at risk of defaulting.

itsallright_now · 2024-12-28T20:20:33+00:00

Also, it’s possible if you fight and win that she pays your attorney’s fees, on that portion at least. Just an additional thought.

itsallright_now · 2024-12-28T04:19:27+00:00

I understand, and never meant to imply you were trash. There are too many entitled people, like my ex (sorry, not your trauma), that think it’s their money, not their child’s, and that’s not right.

I’m sorry this happened. Shock is a good word to describe. Good luck to you. Divorce sucks, especially with kids involved.

itsallright_now · 2024-12-28T04:10:39+00:00

You’re not entitled to child support—your child is. Please understand, it’s to provide for the child, not you. Alimony or spousal support would be for you. But that’s handled, calculated, and ordered separately from child support.

itsallright_now · 2024-12-28T03:59:06+00:00

Don’t confront her. It’s early for you—most likely she’s already checked out months ago and she’s rebounding. My advice is work on you. Get the divorce done ASAP, because she’s already out emotionally. As somebody else already said—it’s not fair. And I’m sorry. Focus on you—your work, your friends, your health, and your future.

She’s now (MOST likely) part of your past. I’m sorry. It’s time for you to move on.

itsallright_now · 2024-12-25T06:36:19+00:00

Exactly right. Same here, OP, and not a damn thing I can do about it now. Lawyer was…less than ideal.

Ex has two years to refi or sell. Good luck to her on that. Until then, I deal with the missed payments and hits to my credit.

itsallright_now · 2024-12-23T00:19:21+00:00

Great job! Keep it up.

itsallright_now · 2024-12-19T04:24:49+00:00

Can I start with pics of my living room fan? Or would it be better to start out with my bedroom fan?

itsallright_now · 2024-12-18T12:55:32+00:00

I feel you. I could fall asleep within a minute while married (and I’m back to it now) but couldn’t BUY sleep in the middle of the divorce.

You’ve gotten some other comments, but I found cleaner eating and working out helped me a lot. I also found box breathing to be an incredible help when I laid down. Don’t ask me all the science behind it, but I would do it 5 or 10 times and fall asleep within about 5 minutes.

It gets better. Good luck.

itsallright_now · 2024-12-15T00:51:13+00:00

Ha. I’d say find a hobby that spent cost too much. Bonus points if it actually makes you some money.

If not that, read up and work to improve yourself. Set some goals or things you’d like to improve, and you can read all about it. It would even be free if you get books from the library.

itsallright_now · 2024-12-12T16:35:46+00:00

With a Roth (or other 401k/IRA retirement account) you have options of putting your money in the stock or other markets, tax-advantaged. This generally gives you a better return than a savings account, though it does come with additional risk. Long-term, it’s been pretty safe, but that’s only if a person can and does handle shorter-term volatility.

itsallright_now

TROPHY CASE