So much debt… little income Well you’ve all seen this type of story before so I want to hear all of your advice on what to do because I’m in a jiffy. We are currently pregnant with our first that’s arriving next month and had tons of fees for that, on top of we took a trip or two before we have the baby as our last hizzaa. Now.. I’m penny pinching every month and basically…

85k in debt. What else can I do to pay this. Hello everyone so I currently have 16k in CC debt and my wife has about 25k so I have about 41k in CC debt and with both our cars our total debt is at 85k but that’s our only debt. I’m in the military in California and my wife is a stay at home mom taking care of our 10 mo old baby. She was working prior when we lived in NC and living out here i…

$50k debt and recently unemployed, what are the best moves for me to make at this point? Feeling overwhelmed but ready to tackle this head on. I’ll be brief but will provide more details as needed. I have about $22k in debt spread across 4 credit cards that are all currently in good standing. My credit score is 680. I owe $20k on a personal loan that is currently in good standing. I have a car but it was totaled in an accident the s…

Manically paid off all my credit card debt Now I’m broke. I was so eager to have an excellent credit score I would check compulsively multiple times a day. Well now I have achieved excellent credit and refinanced a loan from 18% to 11%. So good job there I guess. But Now I have a couple hundred bucks in my bank account and $5k in my growing emergency fund. I probably should have done it …

Should someone put money into a 401k if they have other debt? We have students loans and a business debt to pay off. Should we focus on this before putting money in a 401k? submitted by /u/Kiyonai

Father just passed away worth debt So my father just passed away. I am meeting with an estate attorney next week, but thought I would get some thoughts from here ahead of time. My dad passed away with about $20,000 in credit card debt. He is the only one on those accounts. He may have some minor Medical bills still to come in. His only assets are a 10 year old vehicle worth $4,00…

U.S. Car Loan Debt Hits Record High Of $1.56 Trillion The numbers are all historic; monthly car payments and car loan debt are the highest they’ve ever been and auto delinquencies are higher than pre-COVID times. Read more…

Yellow’s Promise to Repay Federal Debt Provokes Skepticism The trucking company, which has filed for bankruptcy protection, owes more than $700 million to the Treasury Department.

China’s Economy Battles Debt, Slowing Trade and Specter of Deflation As China’s economy flashes indications of decline, the consequences pose perils for countries around the globe.

Pay off student loan debt or wait for government possible future bailout (enroll in new SAVE plan) tldr = title… I’m thinking about paying off some student debt piecewise. I want to do so paying off lump sums (not monthly payments) that are attached to the highest interest rate (avalanche method). Knowing that a bailout could be possible within the timeframe of paying off lump sums, I would then be throwing away money. I have always been di…

Being sued for credit card debt. Need help I’m the sole earner. COVID did a number on me and my family. Student loans take the brunt of my “flexible” income. So something had to give. And I didn’t have a choice. Now the credit card company is coming after me in court and I can’t really afford to pay it back at this point unless I get an exceedingly generous ruling. What’s the case going …

LPT: A promise made is a debt unpaid When you make a promise to someone, you gain something from them. Maybe it’s just some appreciation, but you’ve really not earned it yet. I recently found this quote and really like it. submitted by /u/foreman-541

credit card debt and jail time? I am not sure if this is the correct sub but I just do not know anymore what to do. Back in 2020 (19) I made roughly 23K in one month through drop shipping and ended up befriending a guy on discord who said was a millionaire investor. Long story short he told me that I can put in 20K and multiply it by 12 to put into my income – which I now foun…

Small inheritance, which debt to pay off first? I’m currently $33K in debt. I recently received an inheritance of $12K and I’m wondering what to pay off first. Here’s the breakdown: $9K loan-25.99% APR. Currently making payments of $390 a month. Four credit cards with 25.99% APR- $11K, $5K, $5K, $3K . Making slightly over minimum payments on all four (totalling around $700/month) Is it better…

Contemplating selling my car because I’m trying to eliminate all of my debt Hi there! I’ve recently started taking my finances seriously (and when I say recently I mean this past week lol) after watching a bunch of finances Youtube videos. I’ve struggled to have a healthy relationship with my finances for many years, and I want to make a change. Through this realization, I’ve been reviewing my monthly bills and expense…

Advice about having a wedding when we have debt My boyfriend and I just got engaged. However, our financial situation isn’t great and we moved back in with my parents to fix it. In laws are very forceful that they want a big wedding next year. However, we want to wait a few years at least until we get out of debt, get emergency savings and our own place to live. We are both in late 20s. Does …

Buy car or pay off debt? Trying to make a pretty big decision. I’m 24F, make about $53k annually, and my monthly rent is $1000. My current credit score hovers at ~640 and I have about 9k in CC debt across 4 cards. I need to buy a new car. The first car I’m buying myself — my current car was my dad’s and I paid it off for him in December. My current car has fully crappe…

Full 401k withdrawal to pay debt. Thoughts? CONTEXT: I’m 23 years old, and my 401k isn’t massive, but is sizable enough to pay down all my minor debts. I lost my job two months ago, and got a new one in another state. Selling my house/house repairs and mortgage payments ate my entire emergency fund to nothing, and I lived solely on credit cards for that 2 month period. I’m now settled, an…

Strategy and tips to pay off debt and be a better budgeter and responsible with my money Basically looking for advice on how to tackle the debt in the most sensible way. I feel like when my student loan payments start back up I’m gonna be struggling. I’d really like to start saving for a house in the future but realistically can’t. Here is my situation: 33 years old Salary $96k/year before taxes and savings etc. $4600/month income …

Credit card debt, quitting my job, need some help forming a plan to get ontop of this Some stats to start things off: Age: 25 Income: 114,000/yr (12% annual bonus on top, not included here) 401(k): $20,000 (contributing 9%, company matches 167% of the first 6%. I’m maxing it out). Monthly take home pay: $6,200 State: Virginia Expenses: Rent: $1,900/month Utilities: $400/month (my electric bill is insane) Internet: $80/…