I’m trying to decide the best course of action.
My biweekly paychecks average around ~$1850. I have a CC debt of ~$4000.
I thought about doing the 50/30/20 method, which seemed to work fine but realized it would take me a lot more time to pay off my CC. I did put majority of my utilities and subscriptions onto my CC. That one probably is a little below $250 per month, and I try to keep my groceries below $350 per month (for two people). My rent is about $1000 per month (on my half), so that’s where most of the second paycheck goes.
I really want to pay off my CC as quickly as possible. Would it be better to dump majority of my paychecks onto it, knowing it’ll be reduced due to the utilities and subs I have on it? I’m open to listening to any other methods that may work out.
EDIT: Seems like the general consensus is that I need to stop making new payments on my CC and focus on getting rid of the debt. Thank you everyone, I can safely afford to toss $1k on it every month so that will be my plan.
Submitted July 09, 2023 at 11:01PM by yozoramiceu https://ift.tt/Hi0ztkP
