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re: Debt Debt Debt.
Posted on 10/31/18 at 2:15 pm to tigerfoot
Posted on 10/31/18 at 2:15 pm to tigerfoot
quote:
Even a beater costs money, and you got to put gas in it and insure it. Maintenance.
You get that far in the hole, it is gonna hurt to get out of it. Period.
Way too many people try to get out of debt by rearranging their finances. This will never work, you either must make alot more money and put it on the debt or get rid of expenses. Interest alone will eat him alive if this is not addressed.
Yall are arguing semantics. He has no notes on the cars so he's spending, what, a grand a year or so on gas, oil change, etc, and he's paid down only $6k in two years on two nursing incomes. He's got a serious spending problem on consumer goods, that's it.
2
Posted on 10/31/18 at 2:38 pm to Mingo Was His NameO
quote:
He's got a serious spending problem on consumer goods, that's it.
Yep--if not goods, then services. I'd love to see the monthly expenditures on non-essentials like TV, excessive phone plan, gym, haircare/personal grooming (cut, color, waxing, mani/pedi), dining out, entertainment, club memberships, etc. He sideways blames his wife upthread (not a very loyal thing to do, imo), and he sort-of owns up to his own unwillingness to pay attention to the finances.
OP sounds like a guy who needs to learn the value of thrift. Public library provides lots of entertainment for an 8 year old, plus free streaming movies/TV and books; public parks provide an alternative to an expensive gym; thrift stores and eBay are a great alternative to buying retail.
He sounds exactly like my brother in law. Just because you want to live the lifestyle your parents provided to you doesn't mean you can afford it. So you've got to learn to live within your means, even if your siblings or friends can afford more.
Posted on 10/31/18 at 4:22 pm to Mingo Was His NameO
quote:not really
Yall are arguing semantics.
quote:
otes on the cars so he's spending, what, a grand a year or so on gas, oil change, etc,
Insurance alone is 1200.00, 3 tanks a gas a month is 1400.00. 2600 dollars a year right there. times 6 years i s 15,600.00. That is 25% of his debt. Not insignificant.
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