I paid debts and i have job what now? Hello im 30y male moved away from a poor middle eastern country to Europe. 4 Year ago i made the plan to have life without poverty . for 2 year i saved money and took loans came to europe. Got Master’s degree found a corpo job i survived with university and work in the same time. Paid all my credit card. paid all my loans.paid my university. pai…

Do you include your debts that can be placed in forbearance when building an emergency fund? Basically I’m working towards building up a savings account with 6 months of living expenses in case of an emergency. I do have student loans though that I could always place in forbearance temporarily and wouldn’t need to make payments on if I were to lose my job or something. Those that have an emergency fund, do you consider debts like stude…

Which of these two debts would you allocate dollars to first? Which of these two debts would you allocate dollars to first? $900 in credit card debt on a 0% interest credit card (interest free period ends December 2024), or payments toward a $5,300 furnace replacement financed with no interest / no minimum payments until December 2024? I have no other debt except mortgage. submitted by /u/DoorGuote …

How aggressively should we pay off debts? My husband and I are 30. We have about $50,000 in student loans at 7% interest. We are both working full time, making about $240,000 combined and my husband gets a $15000 bonus at Christmas. Our mortgage on our house is $3000 a month with all utilities and internet/phone. We both max out our 401ks. We only have about $6k left in savings due to h…

SBF Trial Witness: Glitch at FTX Overstated Alameda’s Debts by $8B

I paid off all my debts instead of saving. How should that factor into a roadmap? The roadmaps I read say you should have ~1 year’s salary saved by 30, which I’ve put a decent amount towards, but am still probably 1-2 years from reaching. But that’s because I have 0 debt, when most people my age have around 50k in debt. More if they own a house. Should I add that missing debt as effective savings to my roadmap? Since my net w…

Should I get a title loan on my paid off vehicle to clear all my debts and consolidate them into one? Hi all, In may of 2022 I put myself into a good check of debt with personal loans and line of credit loans. I paid off two of the personal loans but I fell into a tight spot AGAIN and pulled the same two one more time. I have a good job now that I’ve had about 10 months but I am literally suffering from the either weekly or bi-weekly withdrawals…

Should I switch my student loans to an Income Driven plan or Forbearance for 1 yr so I can continue to snowball into my other debts? During the pandemic we made a lot of progress. The student loan pause helped a lot with that. We were able to buy a modest home at a low interest rate and we we also paid off about $8,000 of other debt (Mostly Credit Cards). We decided earlier this year that we wanted to prioritize becoming debt free by the end of 2025 (Besides our home loan). A…

Death of father- taxes and other debts My dad passed unexpectedly several months ago, and left us to financially pick up the pieces. We’re talking ~$17,000 in debt over 3 credit cards and $30,000 in taxes owed to the IRS (he filed his taxes 2 weeks before his death). My mother is attached to all 3 credit cards, and the house. He has two cars (the family car and MY car…

Unsure whether to sell car to clear debts Hi all, looking for advice on my situation not my previous decisions please. I’m 22 y/o and have around £3.5k in credit card debt at the minute, and own my car worth ~£21/22k outright. I’m still living at home, for the next few years until I have enough to move out and rent/buy. It’s not the cheapest on fuel being a 2 litre and also potentially…

Will debts pass on to us? My MIL is going through a rough patch where all she’s talking about is her untimely death. She suffers from depression. She has very little to no assets, doesn’t own a property or have investments or own a car. Her only “asset” would be her 401k. She keeps telling us we’ll need to settle her debts when she passes. To our knowledge it’s just cons…