#spiral

Debt spiral…A teacher in her twenties

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Debt spiral…A teacher in her twenties I’ve got 6 credit cards all maxxed equalling to about $6000, one high interest loan of $1700, another high interest loan at $700 and i can’t seem to stay afloat with the high interest debt piling up. That was recent as of April of this year and it’s been horrible since…for the first time ever making it hard for me to pay my regular credit card b…

Reddit Personal Finance 1.1k 2024-02-01

What do I do if I recognize a downward spiral?

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What do I do if I recognize a downward spiral? I want to start out by saying I don’t want any judgement please, I know I’ve made some stupid choices and I’ve owned up to them, I’m now asking how to fix them. Me and my fiancé bought our first house this time last year and it started a downward spiral. We were used to $500 rent, not a $1000 mortgage. We spent money on credit cards to furnish t…

Reddit Personal Finance 1.3k 2023-10-18