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I had like $13k and I recently brought it to $0 by making some lifestyle changes for a few months.
1) Stop eating out. If you're local, learn how to cook. I used Amazon fresh and a crock pot and brought my food expenses down substantially.
2) Only use cash at bars. Once you're drunk you have no clue what's going on with your tab. Every weekend night I'd easily ring up $100-$125, now I only use cash and can get away with about half that. I also started drinking more beer in bars instead of mixed drinks.
3) Change your standard of living if you can. Roommates if it makes sense, sell your car and buy a beater. If you're only using your car a few days a week do you really need that 3 series?
Hope this helps!
Just start drinking straight alcohol, it's the cheapest and it's pretty easy to develop a taste for it if you start to really get to know one liquor type. I'm a bourbon drinker, some people like white rum, etc
I owe 11k. It was due to a medical emergency.
3-5k/month but paid off every month. Was at ~20k a couple years ago, made it an 18 month goal to get rid of it. Transferred everything to one card with a 0% intro rate for 18 months on balance transfer. The first month was a bit higher because there's always a fee with the transfer but the first one or two months with no interest more than made up the transfer fee.
How the hell do you have 15k in cc debt?!?
15k in itself is not a lot... the problem is it's revolving so you'll never pay that baby off...
You need to tear up that card and start making a budgeted auto payment of whatever you can afford.
Max 2 years you'll have that sucker paid off. Sooner if you plop your bonus, tax refund, etc. towards it
People are serious dicks here if they "don't understand" why people don't have 50K plus in savings. Fuck you, Accenture8
My Amex card just offered me a $50k loan at 8%apr... see if your card will offer a traditional loan so you won't have to pay a ridiculous APR
@K3 great advice!
$1.00 is too much to pay interest on.
$9k, but all current
3k total.
Usually owe 8-10k across my cards at any given time I think
Not sure why OW1 is posting this here, but neat scotch is the way to go. Woodford on the rocks ain't bad on flights either.
I've never paid interest on a credit card. It's asinine
CCs also give you a one month float (if you pay in full each month) for what it's worth.
I'm at 15. I'll pay it off later. Like 2 years from now - don't feel bad.
0. Paid off every month.
$0
22k here from college ... working to Pay it down one step at a time. Ugh.
After reading this thread, I cannot believe people that make as much money as us still do not pay off their credit cards each month. Absolutely crazy! Aren't you smart enough to understand how outrageously high the rates are?
D8 try living in NYC with no credit card...