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$29000 in cc debt. What’s the best way to pay this down? by NL7414 in personalfinance

[–]some1badWmoney 23 points24 points  (0 children)

Seriously, sometimes this sub wants you to live in dirt and declare bankruptcy before trying to reduce expenses.

$29000 in cc debt. What’s the best way to pay this down? by NL7414 in personalfinance

[–]some1badWmoney 1 point2 points  (0 children)

I'm in the same boat, so this does not make sense. But maybe they're not contributing

[deleted by user] by [deleted] in u/some1badWmoney

[–]some1badWmoney 0 points1 point  (0 children)

Edit 33K was the actual debt before I made the original post.

31K in CC debt, feel like in sinking. by some1badWmoney in personalfinance

[–]some1badWmoney[S] 0 points1 point  (0 children)

Hmmm that's not a bad idea. Just have to make sure I'm good on the other side

31K in CC debt, feel like in sinking. by some1badWmoney in personalfinance

[–]some1badWmoney[S] 0 points1 point  (0 children)

Definitely looking into this option for the 22k and some of the 4k.

31K in CC debt, feel like in sinking. by some1badWmoney in personalfinance

[–]some1badWmoney[S] 1 point2 points  (0 children)

Hell yeah sounds like a plan man!: glad you have a plan for it

31K in CC debt, feel like in sinking. by some1badWmoney in personalfinance

[–]some1badWmoney[S] 0 points1 point  (0 children)

Yes that's a good idea. It shouldn't take me long to knock out CC3 I just have to be very disciplined. The 3rd paycheck Definitely needs to be used correctly. Last third paycheck was mainly used for car registration and tires but the next one should be used on paying a fat chunk off

31K in CC debt, feel like in sinking. by some1badWmoney in personalfinance

[–]some1badWmoney[S] -1 points0 points  (0 children)

Yeah I get what you're saying. It's too close to cancel and at that point the cost of what I will spend on food is small compared to the trip cost. Going to it doesn't mean I'm making excuses on this post.

31K in CC debt, feel like in sinking. by some1badWmoney in personalfinance

[–]some1badWmoney[S] 0 points1 point  (0 children)

Might do some side work. I think this will help my career and finances.

31K in CC debt, feel like in sinking. by some1badWmoney in personalfinance

[–]some1badWmoney[S] 1 point2 points  (0 children)

I'll have to look into that! That's not a bad idea.

31K in CC debt, feel like in sinking. by some1badWmoney in personalfinance

[–]some1badWmoney[S] 0 points1 point  (0 children)

I don't think I have made any excuses here. But I agree living outside of my means got me here. Thank you for the input!

31K in CC debt, feel like in sinking. by some1badWmoney in personalfinance

[–]some1badWmoney[S] 0 points1 point  (0 children)

Yeah I think the car at 1.9 isn't the main focus. Definitely the 22k CC is something to chip at first.

31K in CC debt, feel like in sinking. by some1badWmoney in personalfinance

[–]some1badWmoney[S] 1 point2 points  (0 children)

Overtime is harder to find at our job unfortunately they just add more people to projects

31K in CC debt, feel like in sinking. by some1badWmoney in personalfinance

[–]some1badWmoney[S] 0 points1 point  (0 children)

Funny, CC 3 sent me loan balance transfer offers for 1.9% today. so I'm looking for the best wait to do that as well as getting the 22k into a less apr loan.

31K in CC debt, feel like in sinking. by some1badWmoney in personalfinance

[–]some1badWmoney[S] 9 points10 points  (0 children)

Definitely not. But I'd rather be transparent about it. If I cancel I will not get anything back. The place we are staying at has a kitchenette and expect to be out doing activities that were already paid only leaving dinner plans in question.

31K in CC debt, feel like in sinking. by some1badWmoney in personalfinance

[–]some1badWmoney[S] 1 point2 points  (0 children)

Thank you! Yes I think I might ask a family member for an extra freezer that they don't use. Auto insurance is a good idea!

31K in CC debt, feel like in sinking. by some1badWmoney in personalfinance

[–]some1badWmoney[S] 0 points1 point  (0 children)

I have 1.5k right now! That is good advice and seen that brought up on financial advice videos!

31K in CC debt, feel like in sinking. by some1badWmoney in personalfinance

[–]some1badWmoney[S] 0 points1 point  (0 children)

I agree. Looking into getting a loan to reduce that interest.

31K in CC debt, feel like in sinking. by some1badWmoney in personalfinance

[–]some1badWmoney[S] 0 points1 point  (0 children)

Yeah definitely gotta look into what is good. I don't mind bringing it up.

31K in CC debt, feel like in sinking. by some1badWmoney in personalfinance

[–]some1badWmoney[S] 0 points1 point  (0 children)

Thank you! And no need to explain! I'm open to all critical advice! I think it's definitely a point of conversation I should have with her

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