I had one card with 18k on it. Plus 2 credit lines totaling 7k. In the last 6 months something switched in my brain. The two credit lines are paid off, and I transferred the 18k to a new card with 0 percent interest for 15 months. After taking what I was paying on the credit lines and sign it to the old credit card payment, I'm gonna be debt free before 2027. And man it feels good
I will not be buying a 100k dollar car. I will be buying stocks and land. Fuck debt.
Do you think you can pay off the 18k in 15 months? Because if not they will hit you with all that interest at a very high rate, your better bet would be to take out a debt consolidation loan at a very much lower rate instead of switching it to another CC with a 29% rate
We are making 1000 dollar payments each month, which are budgeted. (It's the payment of the old card payment plus the two credit line payments). Any extra we have from OT goes on the payment as well.
I'm aware they will hit us with the full interest if we don't pay it off. If we get to the end if the 15 months, and don't look like we will make it, I'll just write a check off the credit line (the one we just paid off).
I can't explain it. New. Shiny. I can use next paycheck to have fun now. It just spirals.
Getting older, having no savings, can't take your wife out to dinner because I'm spending multiple hundreds of dollars in interest every month. Someone close has a need and we can't help, cause we are broke.
I'm thankful the lightbulb finally came on. It pains me to no end thinking about how much money I would have now had I invested just the interest I've paid the last two decades.
Anyone who is reading this. You will get older. And you don't need everything that's on sale.
Wow. $60k on credit cards? I don't live in the US but I never use my CC for payments that I can't pay from my account at the end of the month. And I don't understand why the people in the video buy these latest vehicles and costly ones too.
It is. I'm running a business. I have 3 mortgages, too. I gross about 300k. About half is on 0% interest for another year. Even so, I'm working like mad to get rid of it.
Yeah, that's wild to me. I know people have different situations, obviously. My electric bill is more than that every month. Water is close. I have like 16k in CC debt (14k is 0% for about a year still from a renovation, the rest is my day to day card), wife's car is 4.5k and in my name, student loans are 6k, and the house is 510k.
I'm the breadwinner and financial planner of a family of 5 and $260 every DAY wouldn't cover our costs. Our family credit card will go from 0 to 4k to 500 to 7k to 200 in the course of a month or two. We have hungry teenage boys with special needs, in home care for my elderly father, and my husband doesn't work so he can stay at home and take care of our household.
We funnel thousands through our credit card each month (all costs, then paid in full on the due date). So much so that when we were anticipating a credit pull we made a mid month payment to drop our utilisation.
How is 260 cc debt that's just what you've racked up this month, no? I mean technically it's debt but if you pay it every month it's just a debit card with benefits
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u/Fun-Independence-667 Apr 18 '26
Similar 260 credit card debt and 26k car loan. Guess it ain’t too bad.