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Anyone have a recommended tax person in Chicago?
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Bowl Leader
Any facing issue with HIS claim? My claim amount is processed and ready for payment. But its in that status for last 15 days. There is no reply even after mailing them. What to do..I am currently in NP. I am worried if it will be settled before my last working day. Tata Consultancy Tata Group
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How do you balance work and fun?
Rising Star
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I'm going to sleep. Good night, everyone!
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It can become a real problem VERY quickly and then you are where I am in life a decade later with a large balance and it seems impossible to pay it down. With her still being young and not have a giant balance, please find a way to reach through to her. I wish I had been properly educated on finances at a young age, it it truly one of the most important lessons. She may not want to hear it from you, so have her read or listen to the audio books of some great personal finance advice authors. That is what I have been doing and it is helping, I am finally learning about true personal finances. Can’t imagine what my retirement accounts would look like if all the interest I’ve spent thousands upon thousands on had been invested instead. It is sickening to be honest. She is still young, she needs to turn it around quickly and stay out of debt. You are welcome to share my perspective with her.
Rising Star
Using credit cards by itself isn’t the problem. Being financially illiterate, though, is a major problem. You don’t want to be with someone who can’t manage their finances.
Pro
Recipe for a disaster if she continues this. Mybe time to have a new gf
Pro
Not graduating does not mean country declining rapidly.
Frankly we as a society push too many kids to go to college and they could do much better by pursuing what they are good at. A skills trade person can make good money.
So many kids go to college spend money, get loans and drop out - that money can be invested in started a trade they are good at after they learn it.
You don’t 😂, she’s 23 and doesn’t care about credit card debt? At minimum I’d would explain once and if she doesn’t listen, that’s on her. You’re not her dad
Deep cut drumline reference. Respect.
Why would they not talk about it ?? If they see them being together in the long run then they should. Shame on all of you who take the easy way out
How is this even a conversation. Her finances, her decisions.
Much easier to sidestep a hole than to climb out of one, especially a hole at 24%+ compounded
I have credit card debt from dumb decisions I made in my twenties
I would not expect my future SO to help pay it off
If need be I’ll sign a pre nup
I see but why you sounding so cold wit it I ain’t do it
Mr Mackey can help
Pro
So she understands what’s happening and she is ok with paying the interest and she still does it? What’s more to talk about?
My wife is bad at this too. She leveraged our married filing joint position to get big credit limits in multiple cards and managed to rack up $40k in debt. When I found out, I immediately cut off our shared bank account and convinced her to call each card company and bring her limits down. Her limits were $40k and now they are a combined less than $10k. So it limits our risk of this happening in the future. Her credit score is also in the tank now so she will never be able to open another card again. Tough lesson for her.
The problem is I cannot control her spending no matter what we talk about but at the same time it’s not worth divorcing my wife with three kids because of a spending issue I prefer to limit my risk going forward. To the comment about credit scores being damaged they were already damaged and by the way we purchased a new house last year using my credit we didn’t have to use joint credit so we are not impacted when making future purchases because I can still continue to utilize my own credit score.
@the Ramsey show lol
Rising Star
If you regularly “TLDR” things then you are definitely the target audience of the Ramsey show.
Enthusiast
That’s her way of acting cool dude
Pro
Ask her if she’d pay for the things she’s buying if they were 25-30% more expensive. I had credit card debt too once and, while not exactly mathematically accurate, hearing that helped. If she’s open to budgeting, try YNAB.
Rising Star
Move on
Enthusiast
More importantly, why are you still with this girl? 🚩🚩🚩
Chief
Because everyone one at 23 is their best self.
Enthusiast
You can explain it to her all you want. She isn’t going to care or change, and will probably be very happy to make this your problem in a marriage. Run, dude.
Rising Star
Curious - how much debt are we talking about here? $5K or $50K? (Obviously understand it grows exponentially with interest, and there’s perhaps a lack of financial maturity here, but I’m just curious how big an issue she has here)
There’s a Netflix show called money explained and they have an episode on credit card debt. See if TV can explain it better than you can 😝
What is the interest rate ? Most are near 20% … so divide that by 365 and multiply that by her balance everyday - it accumulates very fast so there’s no way that amount is small unless you guys are only spending like a few hundred / month. Most adults spend like 5-8K so…. It really adds up 👀
Well OP also appears to work at Deloitte 🫠
But the point is that this issue could be a much bigger problem down the line when they both make more $. Although it may be a bigger problem if they stay in their current income bracket. Anyways - def need to talk to her else you are going to be in finance trouble which is a killer for many relationships
You run!
You'd have to spell it out that the financial irresponsibility is the reason for the break-up or the message will never land