{ "media_type": "text", "post_content": "I’m a Senior Consultant with 11 years experience, an underwater mortgage, and $19k in credit card debt. If I file for divorce, will my terrible, horrible SO get half my debt?", "post_id": "5b18082a282a3300131cfd78", "reply_count": 44, "vote_count": 38, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

I’m a Senior Consultant with 11 years experience, an underwater mortgage, and $19k in credit card debt. If I file for divorce, will my terrible, horrible SO get half my debt?

likefunny
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

I’ve tried a few things to get out of debt. Out-earning my stupidity has helped but it only goes so far. Gotta tackle the lifestyle, spending, priorities, and keep revising every month. Divorce is going to make you wish your problem was an underwater house and a mere 19k in credit cards. You’ve got to be in better financial shape to get divorced unless we’re talking about an abuse situation. Sign up with something like “The Financial Gym” and work with one of their financial planners to set the debt and savings goals. It will be remarkable if you do what they say. $85/month, worth every penny. Then... get a mediator and negotiate a non-financially-violent exit. It’s better that way. If you don’t do these things then you can still get divorced but you’re going to dig yourself further into a hole and it will take much longer to be solvent. Don’t do a bridge loan and do not borrow from your 401k. It won’t work — you’ll charge up again. Start paying the CC debt now in conjunction with a larger set of goals. Adjust your lifestyle right now.

likehelpful

It’s not hard to rack up credit card debt. Don’t be so quick to judge. Even if you have a good salary, student loans and living in a high COL area can take a huge bite out of your ability to save. Plus many people need to help out their siblings and family members. If you leave college with little or anything in liquid savings, then it doesn’t take much to start adding debt. Throw in some big ticket expenses—medical issues, needing to buy a car for a new job, losing your job—and it’s easy to start putting on some debt. Going to your best friends wedding that you can’t afford, buying a new suit for a new job, paying for a gmat prep, and other “wants” that can can appear to be “needs” adds gas to the fire. And of course many people pay for weddings, kids, and other serious life things too.

like
Recent IconRecent

Finally something relatable after all those “3-years experience, 200k equity, why am I such a failure” posts

likefunnyupliftinghelpful

I don’t like credit card debt but don’t judge until you know the full story. There could’ve been unexpected health issues and bills. The horrible SO could’ve went to Bora Bora with a lover and ran up all that debt, you just don’t know

likesmartuplifting

I have $40K cc debt and think the judgmental posts on this thread are a bit much. 🤷🏽‍♀️

like

Stop being a dick EY1. What goes around...

like

Depends on what state, but my best guess is that if their name is also on any of the debt it will be also be their responsibility to pay it off. But if it’s in your name you might be screwed. Also, 19K in credit card debt??

like

19k isn’t all that much. If you dedicate $1000 a month and maybe your bonus to it you can knock it out in a year.

likeupliftinghelpful

Could’ve been an experienced hire EY1. Don’t judge

like

Jesus... All the best OP. You'll rise above this difficult time

like

I have 45000$ credit card debt coz of my wedding ..it’s ok ..life happens ..money is temporary ..try and pay your debt off before divorce

like

People here that are judging because of the CC debt probably just hoard all their money and do nothing. If you make 80K you think you can just easily save half of your take home pay ? Get lost. Maybe living in the middle of nowhere Texas. People have student debt and other expenses as well. Living in places like NYC/DC/SF this stuff can happen.

likefunny

This is my 3rd year and my net worth is 200k now.... ...wait, what was the question?

like

I thought my $3K in credit card debt was bad. Also we all don’t make at least $80K. I’m a relatively new Senior and just broke 80 in my third year at the firm

like

Yea I wouldn’t judge on cc debt either... earn good money here but had writhing last 12 months a wedding, a medical emergency in family, and bought a car for my wife so she could get to work ... so that puts strain on any finances regardless of pay. We’re lucky that we can work our way out...

like

Start with Dave Ramsey

like

In this thread: Sheltered judgmental know-it-all’s who’ve never had anything bad and unexpected happen

like

Rotate C1, when they start you low like that it’s hard to catch up.

like

Hang in there OP! Had similar CC debt, borrowed from 401k to pay it off. Typical guidance is that I’m stealing from my future wealth, but I needed the automation and didn’t want to pay that 25% APR. Also, for those talking about income. Making a high ($+80k) income is irrelevant to how much debt. The goal isn’t how much we make, but how much we save/invest!

likehelpful

I don’t understand how so many people in our line of work have tons of credit card debt. Don’t we all make at least $80k incomes or more? You should easily be able to save half if not more of your take home pay after expenses and apply it towards paying off the credit card debt ASAP.

likefunny

C2- I don’t believe OP revealed their gender so it’s best not to make assumptions. M1- That’s a pretty flimsy excuse compared to others in this thread. If anything constant job uncertainty is a reason to shun credit card debt altogether! I recommend you try harder to differentiate your needs and wants. You can live comfortably and have a strong financial cushion!

like

Related Posts

Lol my firm halted all sales travel but continued client travel. Just waiting for someone to get sick so I can sleep in my own bed for more than 8 nights a month

likefunny

Amazon FLDP vs Gartner Consulting (post-MBA level). I am worried taking Amazon will close the door for consulting in the future. Amazon comp - 130k base + 80k sign-on bonus (~45k first year, ~35k second year) + 100k RSU (4 year vest). Gartner - 125k base + 15K EOY Bonus + 10k sign-on bonus. Do I pass on my hopes for consulting and chase the money?

like

Have anyone got their visa stamped in India though drop box, I am planning to get it done in November but just want to hear experiences

Delta cancels all flights to Europe except for UK for the next 30 days

like

Best strategies to use CSR card?

like

Is there no status match for Marriott? Diamond on Hilton so I was hoping to match there if possible…

like

Felling a little conflicted: I have an interview to exit consulting into industry. They are offering a 50% increase in salary, no travel. On the other hand, I love my current team and client but...

like

I understand Delta is giving flight credit for all canceled flights right now. But does anyone know the time horizon? can I cancel 30 min before my flight?

like

Inspired by McK’s shameless request from yesterday. Anyone have Air Canada upgrades they won’t be using in 2019? Have an international flight tomorrow and would love the boost 😃😃

funnylike

*omg* logged into chase account and saw I was approved for CSR. Small wins on a Sunday :)

like

Delta rep told me my plat benefits won't start until next year?.... Doesn't sound right at all

applied for passport renewal at SFO consulate. VFS guys said you filled in wrong and we are sending the application back, and to refile again correctly. Got email saying it has been dispatched. However, I haven’t received the passport back till now. It’s been 10 days. I have tried following up through multiple channels. No response till now. I need to travel to india next week. any suggestions on how I can get it resolved? Their customer care phone line is charging 2.5$/min and are of no help!

like

Best luggage for travel? Just got consulting job at MBB and looking to buy some new stuff.

like

I want to quit the 9-5 and become a travel blogger. Am I crazy??

likeuplifting

Travel opportunities for functional consultant in D365 at PwC AC and shift allowances?

like

Now that the Uber Card is changing it’s terms for the worst. Any recommendations on a new credit card? Would prefer no annual fee, but needs good return on restaurants, travel, etc. or a combo?

like

Complicated airline mileage program question. Relocated to SFO. Have been earning miles on Delta Skymiles and SingaporeAir’s Krisflyer. Should I switch to UA or Alaska mileage programs or stick to SQ while flying United? I like AS because it’s now part of OneWorld (which AA is part of) and also allows earning on Singapore Airlines. Generally I hate United.

like

When you drive your own car to a client site where you are staying in a hotel, do you also charge the mileage of driving around the city during the week or just the there and back?

like

Anyone accumulating Visa on this dip? Earnings and guidance were solid

like

Uber driver just asked me how long I've been working for American Airlines. Noted, this dress makes me look like a flight attendant. Good to know. 😳

like

Additional Posts

What’s a standard Sr Content Producer salary in NYC for someone with 8yrs experience (3yrs as Sr Producer)?

Can anyone provide insight to working at Holland and Hart? Also, when do parental leave benefits kick in? Is there a waiting period? Do they negotiate lateral bonuses for losing out on present firm end of year bonus? TIA.

like

Wharton Interview thread: comment your stats, gender, race, industry, and outcome below

like

I am being required to relocate for a position that is still currently remote. Same state. Is this unreasonable?

like

Just found out I’m getting promoted from Sr AD to ACD. Really happy, but they haven’t told me what the salary increase is yet. What’s reasonable to expect? Another 20k?

How do security consulting firms like FireEye, Rapid7, and Crowdstrike compare to traditional consulting firms like the big 4 from an employee perspective? Anyone here make the switch from big 4 to security specialist firm?

like

How many Bitcon would one need to retire in the next 2-4 years?

like

What are your billable hours requirements during busy season?

Anyone have a good idea what IT Recruiting Managers are making these days for corporate recruiting? About 10 years of experience.

like

Big 4 offer: 65k Mid size (top 10) offer: 71k Would it be delusional if I accept the mid size offer?

like

Lol my firm halted all sales travel but continued client travel. Just waiting for someone to get sick so I can sleep in my own bed for more than 8 nights a month

likefunny

That feeling when a well meaning manager keeps ending meetings with “have a happy holiday, and enjoy some time off with your family,” and he is unaware that some of us (a) already celebrated Hanukkah (and don’t really celebrate anyway), (b) are alone and unhappy, (c) kind of have no reason to burn PTO for a non holiday when you’re alone, bored, and have nothing going on in yet another month of a terrible year. It’s like one more set of fingers on a chalk board listening to such pleasantries.

likefunnyhelpful

Hello fishes! I will be moving to Germany next month to pursue my Master's and will need a part time student job to sustain my living expenses. I have 7 years of work experience in SAP UI5/Odata/ABAP areas. If anyone has any relevant opportunities or any kind of leads, please do connect. I can work 20 hours per week and I have German A1 certification so far, working on improving it further. Thanks in advance!

Dear recruiters - put your comp range in the email if you want a response. The Salesforce market is just so competitive that I’m sure just like all of you, I get dozens of inquiries a week. It just feels like a waste of everyone’s time if I don’t know what it is. Now that I’m actively looking it’s just hard to see where to start!

like

I wonder if it's a case of the Mondays on the bench or if my motivation will just never return...🤔

like

Does anyone know if Deloitte covers any of the costs towards becoming a CFE for those of us on the PDM path? As in the ACFE membership cost, the cost of the study material, and/or the cost of the exam?

like

Undergrad Offer decisions: Strategy& vs. ACN Strategy vs. Parthenon SSG... Thoughts on exit opportunities, growth, culture, WLB, pay after 3 years?

like

What is it about law that glorifies morning people so much? I am NOT one and wfh has been so great for me in terms of being able to set my own schedule, but now that we’re starting to go back to the office I’ve noticed some pointed comments about people not being in by 8am. I bill as much (generally more) than other associates, so why does it matter if I start at 9 and work late?? I’m finding it hard to go back to the arbitrary-feeling 8am office start when I know I’m not going to be productive.

like

Hi ladies!! I recently lost someone really close to me from covid and also had a close friendship end and have also just in general had a really rough two months - I’ve gotten through it but I feel like I’ve lost my spark and myself in some ways. Aside from therapy, do you all have any tips on how to get out of a funk and to start loving life again? Thank you!

like

Amazon FLDP vs Gartner Consulting (post-MBA level). I am worried taking Amazon will close the door for consulting in the future. Amazon comp - 130k base + 80k sign-on bonus (~45k first year, ~35k second year) + 100k RSU (4 year vest). Gartner - 125k base + 15K EOY Bonus + 10k sign-on bonus. Do I pass on my hopes for consulting and chase the money?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal