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Broad question - how’s PwC Midwest region?
Who is the worst CEO on Wall St?
When are we talking about this?
Any one having joining in June 2022 in tcs..??
Sometimes I just really want my own desk...🙄
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Hey OP, glad you figured it out now rather than having an ex-wife and the divorce papers to also sort through! Definitely crack down on your finances, how much are you actually spending on necessities vs. Luxuries? There are a lot of things you can live without that you might find yourself paying for just because you like it. Maybe keep 1 or 2 but stop paying for things you can do without. Commit to your finances. It will be slow but it can be done, it just requires a lot of determination but you can do it! You got rid of one pile of useless dead weight causing the damage, now it's time to work on getting through the damage :) best of luck!
Uh OP- what a terrible situation to be in. But you realized and making changes- so that's all that matters. As others mentioned, cut down on expenses for about a year (eat in, watch free tv, exercise outside rather than gym, shop only if you have to, have a room mate if possible,etc etc). This should let you save about 1-2k (being very aggressive) a month. In a year you cut your debt down to almost half. And save your pet diem as much as you can. If you do that, not only you have no expense for the days your travel, you can stretch that for the whole week.
Why are you paying your fiances debt
Hey man no shame in asking for help. That's what family is for. But definitely start renting out those extra rooms and cut back on the unnecessary costs. If I'm being honest I myself spend way too much eating out.
You make 120k? You should be able to put 3-4K a month towards your debt easy. Balance transfer to a card what will take free transfers and go no interest for 24/36 months. Pay that off first
120k after taxes is about 5k... I expect OP has rent to pay, other living expenses. 3-4K a month towards debt is pretty aggressive...
OP, any equity in the house? Maybe refi and pay off the high interest cards and loans (plus get the tax deduction?) the good news is you are well paid (and your pay will more than likely continue to rise). Now you need to make a plan. Make sure your emergency fund is set and then attack your debt. It will take some discipline, but here's the best news: once you get used to living a less expensive lifestyle to pay off debt, you can keep that lifestyle and start saving an assload. That means early retirement! Chin up, bud!
Agreed. And next time, chose wisely my friend :)
How much of your debt is cc vs loan?
Student loan is about 11k. Rest is CC.
$39k is credit card debt is a lot. I would focus on that. Cut all other expenses as much as you can.
Would consider doing a balance transfer to the extent that you are able. Most credit cards have special 2 or 3% promo rates for a year
Balance transfer is the way to go.. assuming you have a decent credit score.. be happy that you are not with her for entire life.. good riddance
A OP.. if you're serious I'd be happy to work with you offline on your current situation. . I taught budget management to high school while in my MBA program. For instance if you're making base payments on a 20% APR credit that is a mountain you wont climb easily.
Op do you have family that might be able to loan the amount to you at a reasonable rate? I know my parents would loan me the money without question but anything is better than CC interest. Also is it possible to move back in with your parents for a bit while you pay off this huge debt? Maybe sublet your apartment?
Moneyaftergraduation.com
My go-to site for money guidance, including things like what debt to tackle first, how to get over debt despair, etc.
Check out sofi for debt consolidation
HC1, it'd be great if you can help me too by sharing a burner, I'm in a similar but different situation - ton of CC debt and credit score is completely shot. No new lines of credit for me. Have completely stopped using credit for the past couple of months.
Sorry, OP - didn't mean to hijack your thread. What city are you based in?
Actually never mind. Assuming you are in your late 20s or early 30s, go with option 1. You have lots of time to save for later years. Get this out of your life first.
@OP I actually just consolidated cc debt with sofi, and student loans. I've liked them - it's been easy to use. Young professionals are really their target demographic, so they were pretty easy to work with for me
I liked the interest rate, you can prepay, and probably refinance again when you've got the debt down a bit to get a more agreeable interest rate. If you have reservations, definitely call and talk to them. Always read the contract and ask your questions (as a rule of thumb, not because of a problem).