re: Debt Debt Debt.

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How much do you spend on booze / week.

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The “mint” app will probably suggest rehab.

This is absolutely the number one IMO item that can be reigned in to make an impact.

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Alum - how many guns are in your house?

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He's already talked about a $3000 watch he has. He has guitars too apparently from what others said.

Op doesn't want out of debt, he wants a lottery get out of free card.

I would bet that OP could go on a selling spree and clear $25,000 of debt off of consumer goods he has bought. Purses for the wife, crap he has, etc.

Then I bet he could sell cars and get to $50k.

Has OP said what kind of cars he drives? Just because they are paid off doesn't mean they are not nicer cars. Probably has $50k in equity in vehicles.

OP could very easily be out of debt by Spring if he wanted to just be out of debt. He doesn't.

Nah man. Bitcoin and sports betting. Be straight in no time.

I’m glad I read everything in this thread Bc it’s depressing and pushing me to re-assess my spending habits. I’m a cheap sob already though.

OP - cut phones to minimum, cut cable and go internet only and share accounts with family, stop drinking and eating out and stop “entertainment” and substantial gifts.

If you change those habits alone you can probably snowball that debt in no time.

Bump this thread December 1st so we can see how you’re doing.
3,000 needs to go to cc debt

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Thanks for the replies and input.

The “mint” app looks very promising. Nothing like seeing how stupid you are on a screen up to the minute.

Like a calorie counter app.

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I came back just to see if you followed through. I'm glad you did. There is even more functionality with Mint through a browser.

Next suggestion: Sit down with the wife and do this together. If you aren't on the same page and can't negotiate solutions, then there will be friction. Look for where you can do your part to help. Let her find where she can do her part. Don't blame or accuse.

If going out to restaurants, bars, and events on every Friday/Saturday is your biggest cost, then you can cut this in half and still enjoy life. If it's eating out 3 meals a day because you are too busy, then look into meal prepping.

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To rent out here would cost more than the house note we are paying.

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Did you include this in your figure?

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We were plugging along and then our AC died. Had to get another one.

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If you don’t “understand” then carry your arse out of this thread. I expected some shite, but you’ve made snarky comments throughout. Why don’t you go down to a nursing home with some brain teasers for the Alzheimer’s patients or pull the wings off of dying insects?

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I don’t understand this response. Whether you like it or not, his post is referring to the type of financial behavior that led to $63,000 in credit card debt and the consideration of a method to pay it off with significant consequences.

He’s highlighting that you make a lot of money, enough that the debt probably should have never happened, with plenty saved for an emergency. But since it happened, changing the financial behavior that would have allowed you to build up a bigger emergency fund, is what you need to do to pay off the debt and it wouldn’t require sewer if measures.

I mean according to you, after you pay for your home, utilities, transportation, cable, internet, and phones, you still have over $4300 per month and almost $52,000 per year from your take home pay. That’s probably far more than most families take home before all of those expenses.

It will still take a while, but that’s a lot of extra money that could easily be used to pay off debt. You could pay $63,000 (not including interest), in 2 years and still have $1,700 remaining each month without selling a thing or making any extra.

A $1500 watch can probably be sold for $750. Maybe.