this post was submitted on 04 Dec 2023
105 points (97.3% liked)
Asklemmy
43978 readers
649 users here now
A loosely moderated place to ask open-ended questions
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- [email protected]: a community for finding communities
~Icon~ ~by~ ~@Double_[email protected]~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The least amount? 20k US would halve my credit card debt and give me a leg up on getting the rest paid off. 40k would give me a jump start on finally rebuilding. Given I'm in my 50s though and with the state of the world, I'm likely to be making credit card payments until the day I die.
52 here, much the same story. Started getting paid for the first time in life, went a little nuts with credit. $20K would knock most of it out.
OTOH, I got most of the things I've wanted in life before inflation exploded, so I got that going for me.
Also, about to get no less than $50K for the last of my inheritance. That damn well pays of Habitat for Humanity on our home.
Do the Dave Ramsey thing! Focus on your smallest debt, pay it off. Go for the next one. And the next.
I can dig out in the next 2 years. My wife just took a second job, and while that sucks, she's happy to do it so she can contribute more to the household.