Rising Star
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Visual Storyteller
“The Sinner” and a Yamazaki & Hakushu flight
Coin a buy ?
Coach
What is the retirement being offered?
Hi, I received offer letter from jpmc and accepted it. Today, HR told me that my offer was not processed since i had attended an interview and got offer from Mphasis for a JPMC client one year ago( which i declined later) . Could you please let me know, will it affect my current offer from JPMorgan Chase
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Aldi at Digitas? 👀
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Chief
How do I find meaning in my life?
Rising Star
Got a random email from a supposed Amazon recruiter for a SDE position (which is not at all a fit). The email is amazon.com domain and there are no red flags in the body but it doesn't feel like an Amazon recruiter due to the tacky signature, etc. Has anyone seen this kind of cold-calling from FAANG recruiter?
Move dilemma:
Currently @ Arthur D. Little Limited Dubai as SE Manager w/ base comp of 285k $ + 10-15% bonus. Vert limited fit w/ people & projects in the region (MEI) & not motivated by seniors. Not happy w/ the job but good WLB. Very likely to promote to Pr which would include a 20-30% jump in total comp but shift to more variable
Move to MBB as PL. Projects & people are supposed to be great and he could see himself in the long run. Comp is 170k $ + 60% bonus. Will take 1.5y to move to Pr
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Chief
We pay it off each month, refuse to keep a balance.
I have actually never carried a balance so $0
Honestly, just sounds like an unexpected expense came up and you had to hold a balance for an extra month or two. Not a big deal, just don't make it a habit.
I mostly only use my charge card (Amex plat) so I don't have a choice but to pay it off every month.
Chief
I’m confused, so you pay it off in full every month, but this is the first time it’s been more than you can pay at once?
Rising Star
Yeah, I can only put $1k a month max to credit card right now and normally I keep it under that so it’s a zero balance at the beginning of the month. I couldn’t pay off Sept in full so I’m still holding a balance on it.
Hopefully people see this and the other post re: making $100k+. You should feel very very grateful. With that, $6k.
Rising Star
I didn’t see the other post but were most comments about holding a balance?
Advice: get 0% interest credit cards if you plan to hold a balance, but be very careful to only put down what you can pay off because they'll hit you with back interest.
Rising Star
I think I can pay it all off and be back at a zero balance by the end of Oct (no takeout, reducing my driving, sell my game tickets, etc) but I really was surprised at my moms reaction. But given that more comments here say they don’t carry a balance, $2k is a lot.
It depends on how you want to view the debt. I intentionally pull credit cards on anything and everything I can finance, because sometimes there will be 6 or 12 month no-interest payments, and as long as you’re not over-utilizing the credit (keep the spend under half or a third of the limit), those revolving balances and open accounts will help your credit score over time.
Here’s an example: I just got a Synchrony credit card that I can only use at Discount Tire, and I put new tires on my car. The limit on the card was $5,000, I spent about $1,600 on the tires, and it’s 12 months no interest. I did the same when I bought my wife a new MacBook (Synchrony New Egg card) and a bunch of computer parts of my gaming computer (Best Buy Citi card) — I just financed all of it using the whatever-months-no-interest model.
Once you’re done with the cards, keep them open. When you need a USB thumb drive or whatever, just buy it for $5 from Best Buy instead of Amazon. Need a birthday gift for the wife? Buy her some AirPods from Newegg or whatever.
The point is, don’t get stuck on the total “credit card debt” but rather what your monthly budget and obligation is on everything. I financed furniture, my washer and dryer, TV’s, etc. The entire credit system is a weird game and if you play it right, your credit card debt is a tool, not a liability.
Does it work? Indeed. I’m 36 and I have an 830 credit score. Play the game. Don’t let the game play you.
Chief
Not a terrible situation for you. It is worth a little tweak to your finances.
You should look to save a mini, say 2k, emergency fund. What you’ll find is these kinds of unexpected expenses can happen fairly frequently. While 2k credit card debt isnt terrible, it is better to avoid paying 30% every time one of these come up.
Hope this helps!
5-10k a month but I also pay it all off every month.
Rising Star
Thanks everyone! I think my lesson here is pay off the $2k by the end of Oct and to create an emergency fund (don’t have one right now because I’m doubling down on getting student debt paid off as fast as possible before Jan). I appreciate all the input!