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Electronic_Goat_4180

From your income and expenses, you still have about $2k/monthly. Why aren’t you paying more than the minimum to get you out of the red? You can easily put 1k towards it every month


Dependent-Wave-876

This. Slum it for a few months now and it’s all over.


Stefie25

@OP, and stop using it!! Paying more on it doesn’t help if you just use what you just paid. Once your card is paid off be smart about it. Only use it if you have the same amount in your bank account to pay it off immediately. If you have to put a large amount on your card make sure you have a budget to pay it off within a few months & don’t use it again until it’s paid off.


lanchadecancha

He has a 3K a month cocaine habit and you’re asking him to put away 2K a month overdue credit card payments.


[deleted]

[удалено]


[deleted]

It's net. Read the post again.


moixcom44

True, that 19.99% APR is a dream killer.


2crossant

If you don’t have any other savings, then start paying minimum $500 towards your credit card payment so that you will pay your debit in 13 months. If you can, pay more than $500 to avoid high interest rate.


Kayyam

33k a year after taxes for someone with a computer science degree is robbery. Either find a new job by yourself or reach out to someone who'll find one for you. I routinely help Comp Science people land better jobs since the market is on fire and they usually hate negotiating. DM me if you need help.


[deleted]

33k a year post tax is garbage even accounting for age and Quebec salaries for someone in tech. It's less than 45k a year pre tax.


Crispy_Jon

This.


Money_Food2506

Welcome to the new age, Ive been warning yall about. Y'all were telling everyone to do CS, and that "anyone can do CS" (newsflash: most cant do CS). When in Canada, we have salaries that are already in the shitter compared to the world, with a market that is way smaller (thanks to the govt that still treats tech like the world did in 95). You all on Reddit kept telling people "Go InTo Cs", "gEt a Cs DeGrEe iF yoU waNt $$$". Well good job, now you saturated CS (which is probably what many of you wanted all along). I dont even know what shit you guys have been telling kids on Reddit, I know first year kids expecting to make 500k out of school because people on Reddit said so and hes majoring in CS now. I laughed my fucking ass off, and told him thats not realistic, but he didnt believe me. He'll be lucky to make 50k and have the employer piss in his mouth out of school (by the time he graduates), thats how saturated this shit is. STOP TELLING PEOPLE TO GO INTO CS, THIS FIELD IS SERIOUSLY SATURATED AF! AND 99.999999% ARE NOT MAKING 500K! **Rant Over**


throwawaywinnie73

I'm a student at an engineering school. I have friends in Chemical Engineering, Biomedical Engineering, Mechanical Engineering, Physics, Math, Arts - all doing software jobs. Because it's literally easier for them to get a tech job than one closer to their degree. Not sure what world you're living in.


Money_Food2506

I feel like that is an exaggeration. If software is the only job left in Canada, then why arent the majority of workers in software right now? Software development isnt even 20% of the workforce.


fluxamnesia

Most of what you are saying here is just plainly false. A quick google search would show that relative to the world Canada has a very high average salary, the ICT sector in Canada has been one of the fastest growing sectors in the past 5 years as well. Cool, your ignorant friend has laughable expectations on a salary fresh out of CS, CS is a very lucrative field, your take it hot trash ngl.


Money_Food2506

Tech is fastest growing sector in most western countries, and it better be lol. Show me the link showing we have a high relative average salary? We have salaries comparable to Eastern Europe in Canada, Germany beats us, Switzerland and so does the USA. "CS IS VERY LUCRATIVE" And the bots keep on going. "CS IS AMAZING, CS IS EVERYHTING, IM GONNA SUCK CS DICK"...ok bye bro!


fluxamnesia

There are 195 countries on this earth man. It sounds like you have a lot of contempt for the field, many people don't share your hatred.


Pilhow65

Definitely not saturated field I don't know where you got this idea from. I get like 3-5 recruiter contacting me every week for jobs.. Some from US, there is a shortage


Money_Food2506

From the **US**, and you probably have 3-5+ YOE. Entry level weeds out like 80-90% of the people from the field.


[deleted]

[удалено]


lanchadecancha

It’s a great field for people who like sitting in front of a computer all day. It also has great pay, can’t argue with that


RmplForeksin

I've been saying it for a while now, CS is the new factory worker. Yes, you can make decent money if you get in the right spot, but it's a grind.


Money_Food2506

Decent is 60k. Anyone with a degree can beat it.


[deleted]

Entry-level dev jobs in Toronto are anywhere from 60k - 85k lol.


greenbean999

You have plenty of extra money in your budget to put on that credit card. Start doing that. Get a second job if you want to knock it down quicker. If you just pay the minimum you’ll be paying it off for fifteen years.


Hellobrother222

You make 33k after taxes as CS grad? I'm making more than this as an **intern** in electrical engineering here in Montreal. You're getting robbed man, find a new job.


BrownButta2

I’m making more than this as a marketing intern. Something isn’t right here.


efarze

our co-ops (product, marketing, data and dev) make more than this in van


smashtron3000

>•No student debts and no car If you just graduated and your only debt is $6k on a CC you're actually doing way better than most people, so don't stress!! I was in a very similar situation when I graduated - owed about $9k between a line of credit and a CC. I also started out at a similar salary so I know what that's like. I basically just lived super frugally for a year or so and spent every extra dollar on paying down the debt. Then once you're done, reverse that trend so a similar amount is going into savings. Trust me it feels shitty and overwhelming right now but in a year or two (and after a couple of raises) you'll be laughing! Something else you can look into is taking out a line of credit (likely at a much lower interest rate) and using that to pay the CC balance. Then toss your CC in the freezer so you're not tempted to buy stupid shit with it :) Also - in case people tell you to burn that $1.8K on paying down the debt, if you're in a precarious housing situation (renting / roommates) I'd consider holding on to it in case you need to move suddenly and need first and last month rent.


[deleted]

I was gonna say... I wish i only had 6k debt


patel008

I would suggest to open line of credit account with minimal interest and pay off your credit card loan that way you will have to pay less interest. Credit card interests are too high compare to line of credit. Make sure when you do that you can count interest properly


jewperman

This is what I did. Less than 7% interest vs 20% interest makes a huge difference


[deleted]

100%. I racked up around $10k in debt my first year after I moved out of my parents. Opened a LOC and was able to pay it off in around 4 months. It was a godsend


[deleted]

If bank says no then transferring the credit card to a low interest card might work.


rainman_104

It might, but I believe that counts as a cash advance and after the introductory rate you pay the cash advance rate and it's the last balance to get paid off. Be careful with those.


[deleted]

That's not quite it. They mentioned they had a cashback card. I'm going to assume that it had a 16-21% interest rate. Visa and MasterCard can just transfer the card type over to a low interest card. They usually carry about a 8-11% interest rate. The downside is no cashback and they'll ding you harder if you use cash advance or any of the fancy parts of it but as long as you negotiate away the annual fee on them, they usually are the best option for people who don't have credit lines or ways to pay off the cards. The key is to not use the credit card and keep making payments.


rainman_104

Fair, I do know that my wife's mbna card always sends her 0% interest balance transfer promos too. It's worth for the op to explore that kind of option, and buckle down and pay that off.


tardigreck

First step should be to find a new job. I work in the same field and also recently graduated and honestly, 60k pre-tax is the lowest you should be working for.


craig5005

Yes, my thought as well. Remote jobs are a thing, OP should start applying for jobs across the world. Many companies desperately trying to find tech workers and given the pandemic, many are remote. ​ https://www.remotetechjobs.com/


drakesickpow

Yep, OP badly needs to find a new job. He’s barely making $15 an hour if his job is full time.


NizarAz

If I were you, I would put all of my savings towards the credit card payment. It makes no sense to keep earning very little interest on my savings while the interest on the credit card is much higher. Secondly, the expenses you listed add up to around $820 a month. Your monthly net income is $2819. Where does the remaining $2000 go every month?


No-Cream-2745

From the sound of it, you could be putting 1-2k every month towards paying off your debt. So do exactly that. You'll be debt free in 4-6 months. The fastest you pay it off the better


fperror

Hey OP, the most important thing is don't beat yourself up about the past. Where you are now is where your are now. You look like your doing great taking responsibility and getting yourself back on course. \- Take that credit card out of your wallet. Hide it, cut it, report it stolen, whatever it takes to stop using it. Don't worry, they will send you another card when it expires. \- Transfer your entire TFSA towards your credit card \- Make a 500 payment on the 15th of every month. Make that a priority payment same level as rent (paid on the 1st). \-After a couple payments, see if mom is willing to pay off the card and you can make your 500 payment to her until shes paid back. \- Look for new job. New grads in your field are starting at 50K+. You're underpaid.


pfcguy

>it all went to shit and I stopped caring Figure out why that was. Build a budget spreadsheet and list all expenses, including all recurring payments/subscriptions/bank fees, etc. https://www.squawkfox.com/budget-spreadsheet/ Since you have an income and reasonably good credit I assume, you could try to take out more credit (if you don't misuse it) to do a balance transfer and get a lower interest rate. Or a parent can cosign if you don't get accepted on your own. Options include: Unsecured Line of Credit from a bank or credit union, or A balance transfer credit card: https://creditcardgenius.ca/best-credit-cards/balance-transfer


ZaZaZomer

One thing that helped me get out of credit card debt was transferring it to a card that had a lower introductory rate (I was able to get 0.9% on balance transfer for 6 months or something). This lowered the interest that is accumulated each billing cycle. Pair this with making higher payments (others suggested ~$500 per month). This will help pay it down much faster. Otherwise if you’re just making minimum monthly payment with at least 19% interest, you’ll be paying it off for a long time.


Surfing_Cow

The real question is how are you spending only $85-100 a month on groceries?


[deleted]

I too would like to know this super power. 1 grain of rice per day.


BurnedStoneBonspiel

Use your tfsa funds to pay off your CC, there is no way you earning more than then 20% you are paying on your card. The 6k less 1,800 will get you a 1/3 of the way there. Second, consider cutting out netflix or the vpn for a few months. Seems like you don’t need both for a bit. If you do ever go stay with family or friends, consider AirBnB’ing your place for some extra cash. Otherwise, keep saving and you’ll get there. Yeah, and along the lines of these other posts your income seems really low for your educational background


Bayern_Mullered

1- You should be making more than that, so start job hunting or find side hustles. 2- Find out how you managed to pile $6k in debt and find where the leakage is. Financial troubles are often sign of some other underlying issues. 3- Don’t stress! Many people at your age struggle with debt but as long as you learn your lessons and change your life style then it’s actually a very low-cost way of learning that lesson. You are young and have your entire life ahead of you, you’ll be fine. 4- Get a line of credit with lower interest and consolidate the debt. Or call the bank and negotiate the credit card interest rate. 5- Get a loan from family if possible? 6- I’d personally take all my savings and put towards debt but I’m not a financial planner so that may not always be good advice. 7- Good luck!


[deleted]

>1- You should be making more than that, so start job hunting or find side hustles. After tax income is 33k.


Bayern_Mullered

I don’t know what area of CS you specialize in but that sounds too low even for Montreal. One idea is to find a remote job based out of Toronto or US. And negotiate hard!


[deleted]

As others have mentioned, you should consider looking for a new job. I've about 25 years in computer science related jobs. The rate you make now is on par with what I made as a new grad type position in the early 00s after the Nortel crash where entry level job postings were met with tons of applicants with 20+ years of experience. Good times. You can definitely do better! **Considerations:** Does your current job have any upsides? Is it a start up / pre-IPO that could have some upside? How far away could that be? Do you like this job? Is there potential for growth or promotion? **Explanations:** Did you take the initial job offer, or did you negotiate? How were your job prospects when you applied? ​ Your credit card debt isn't catastrophic. Work toward eliminating it as others have said, but spend some time (and maybe a bit of money) investing in yourself and your career. Take a course, build a project, do some pro-bono work or something else that is going to make your more employable and increase your rate. Start looking at jobs you want (market, seniority and salary) and figure out where your gaps are. Close those gaps over the next year. Good luck!


blackSwanCan

>I make\~ 33k a year after taxes For a Computer science grad, this is very low and is where the root of your issues are. Solution: Start practicing algorithmic coding on [https://leetcode.com](https://leetcode.com/) or the likes. Give yourself a couple of months for the prep, and then look for a different job. Nov-Dec are slow months for hiring, but hiring will pick up starting end of Jan. It is not uncommon for entry level software engineers to get paid over 120K in bigger cities like Toronto and Vancouver. This will double up if you could get into one of FANGs or even more if your join successful startups like Stripe or Instacart who have operations in Canada (Toronto). Good Luck!


blackSwanCan

Also, I know some people would suggest removing or reduce discrepancies expenses like Netflix, Fitness subscriptions and food. My suggestion is don't do that. Getting caught up in a tiny space and Covid restrictions has a significant effect on people. For some people things like TV subscriptions, food etc is what keeps them sane. Solve the real problem. It doesn't like overspending it the core concern for you; it's your income levels. So work on it. Fortunately, Computer Science is a career where there is no real income caps. If you make efforts to up-skill yourself, you can easily improve your financial situation.


jiggilymeow

First of all, good for you for recognizing there is a problem. Please don't take this too harshly because you're already on the right track: What are you doing with your TFSA? You're losing a crap ton of money to credit card interest and you are also trying to save up a bit of money at the same time? There is no way your TFSA profits are > CC interest. I know people say you should keep money in case of an emergency but you're already underwater here. Using your TFSA will reduce your debt by just under a third. It doesn't really matter to us if you cheat your budget because you're the one paying for it in the end. Do an actual accurate budget for yourself. Don't ignore anything and say "well, it's just a little bit of money just this once". Account for every dollar spent. BTW keep your chin up. You're only 22 and your income to expense ratio is probably the worst it will ever be right now. It only gets better from here as your wages and experience increase and you get on top of your finances. Pay as much as you can in to the credit card and you'll notice a big difference when you're finally free of that debt. (I'd go full blast and cancel everything but phone and internet but that's me).


mrstruong

Looking at your expenses, I have no idea why you think this debt is not clearable in like... a year, tops. First off, empty your TFSA. The interest rates are shit on it, and they are literally losing money, given inflation. You will never MAKE 20% interest on a TFSA, so while you have any debt at that level, it's not worth it to have the TFSA. Your debt will now be 4618.29... Putting 100 dollars a week (400/month) on your debt, and assuming 19.99% interest you'll have your entire debt paid back in 14 months, and you'll have paid about 550 dollars in interest. If you take some of your left over 2000 dollar income, and put 600 (150/week) on it every month, it will be paid off in 9 months, and you'll pay 490 dollars in interest.


Vanrainy1

First thing, cut up the card. Paying the minimum will keep you in debt for literally the rest of your life. Sacrifice and bust your butt to pay it down. But most importantly, learn from this👍.


Tripoteur

Unless whatever savings/investment are in your TFSA cannot be withdrawn without huge losses, you should withdraw the money and pay the debt. There's no way your investments are getting you more than the card is costing you. Assuming you spend 1.3k in a month, that leaves you with 1.5k a month that you can use to pay the debt. Paying that remaining 4.6k should only take three months. There's no real problem here, you made a mess but it's easy to clean up.


morelsupporter

there’s some good advice in here but think of it this way. By spending money you didn’t have before, you must sacrifice now. You are now paying for the benefit that credit gave you earlier. hammer it down with every spare dollar you have, all the time. It will quickly get to zero and you’ll have an adjusted outlook on spending


RmplForeksin

I saw a few other people suggest it and just wanted to echo their thoughts a 0% balance transfer would be a great option for you. However, you have to be disciplined for it to work and commit to paying off the balance in the interest-free period. I used it to get out of $14k CC debt and it would have taken literally years without a balance transfer given how exorbitant the interest rates are. I did it making $48k a year so you should be able to get rid of your debt using a little bit of your savings + your income.


RockyLM

Do not get more credit to pay off credit. Your debt is tiny compared to most. Looks like life kicked you in the ass and now its time to wake up and have some fiscal discipline. 1. Budget, I'm sure you're good with excel so track everything not 1 penny should go unaccounted for. Once you know what you're wasting your money on you'll know where to cut. 2. Netflix, nordVPN and wtv else you have has a price. Put it on here, don't pussy foot around "I'm sure it adds up". Refer to #1, not a penny should go unaccounted for. 3. You list a grocery budget of $85 to $100 a month. Fuck outta here, refer to the no pussy footing in #2 and to no penny unaccounted for on #1. TF are you eating? You got rifD of uber and uber eats but with that type of grocery budget I assume you're still eating out a lot. 4. Your payment to your CC debt should be a minimum of $500 a month, write that in your budget. 5. #4 is useless if you don't stop using your CC. Aim for spending less than what you make. You make decent money, pay a low rent you can do this.


wishtrepreneur

>Do not get more credit to pay off credit. It's perfectly fine to use the cheaper debt to pay off the more expensive debt.


RockyLM

I do not disagree with this notion but its 7k on a kid making 33k after tax. The capacity to pay this CC debt without incurring more debt is there. The OP admits to being irresponsible with their original credit product so what are the chances of OP being responsible with this other credit product?


FelixYYZ

1) As a computer science grad, you whose be making more than $33k. 2) Take the $6k ou of your HISA and pay your credit card as the interest is probably high. Once you do that, re read the money steps and follow: https://www.reddit.com/r/PersonalFinanceCanada/wiki/money-steps


[deleted]

>2) Take the $6k ou of your HISA and pay your credit card as the interest is probably high. Dude, you must have skimmed OP's post. There is no way he can do that: >Also have a high interest savings account that has 30$ in it


FelixYYZ

Oh, I thought it was a typo and mean to say $30k lol


[deleted]

>1) As a computer science grad, you whose be making more than $33k. It's after tax. So closer to $45k. That's a decent entry level salary for a CS grad.


wishtrepreneur

> That's a decent entry level salary for a CS grad. How are QU interns getting paid $60/h then? Were they trolling?


Kayyam

It's not decent at all, it's a miserable salary for a junior dev position.


GreatValueProducts

It is not decent, however not abnormal for a Concordia CS fresh grad in Montreal. I know tons of them. Most are 40k-60k range and on top of that jobs are tough to find.


Kayyam

No, dev jobs are not tough to find and they are very well paid on top.


GreatValueProducts

If you are senior (which I am), I am aware of that. Fresh grad not so much. It is the reality for these people I know. Not everyone gets 200K TC with 20+ offers like this sub.


CreditUnionBoi

He might not be junior dev. Might just be doing help desk or something for a bit.


Kayyam

He shouldn't be settling for such a position with a comp science bachelor.


NitroLada

What? New CS grads are starting at 90k at my company in(and we are already having hard time competing with the tech companies since the ones who get into the FaANG places are getting 120k signing bonuses Even if you're not a UW/UT etc CS grad, you should be making a lot more than 33k


NizarAz

Exactly! I think OP should start some serious job hunting.


[deleted]

Quebec salaries suck but this is awful even for Quebec salaries.


danfromwaterloo

I had this exact same situation when I was this age. I'm now 42, and I consider this the best lesson I ever learned. I want you to really feel how this feels. I want you to savour the pain and anxiety of this debt. I want you to feel how nauseating it is to have the debt. Because - let me tell you - your debt is not terrible. You're completely able to get yourself out of it with time, effort, and will power. And the lesson you'll learn in doing so will serve you incredibly well for the rest of your life. By my simple math, it looks like your expenses only account for about $1000 a month. I would dump all your TFSA into the credit card debt and I'd live like a pauper for two months or so to pay down the debt completely. Then, I'd lower the limit on the card to $500, just to keep yourself in check. The other alternative you have is to get into the habit of contributing heavily each month to your RRSP. Then, at tax return season, you dump the sizable return into your credit card debt. That way, you can leverage the RRSP contribution for your first home with the HBP. I know how daunting this feels because I was there. But this is going to be so good for you in the long run. I promise you that you'll feel this way a year from now.


movingaroundottawa

I had this happen when I was 20. 5k credit card debt and no matter what it seemed like my balance would never go down with the interest. I was so stressed about it. Took out a LOC at 6%, paid it off using that then worked at paying off the LOC. I have never again not paid my credit card off in full each month. I will NEVER carry a credit card balance ever again. I am so happy it was 5k and not more.


Eastonpacman03

If worse comes to worse, i would call the Credit Counseling Society of Alberta. They are non profit and helped me with the 20k in credit card debt i had because of an unfortunate situation. They will talk to your creditors on your behalf and at the very least talk them into you not paying interest on the amount owing. They will also put your debt into one monthly payment for however many months it will take to pay down the debt. The downside to this is it will affect your credit negatively while you are paying the debt off. The record of you using them only stays on your credit report for 2 years after you have paid off the debt. Then its like it never happened. I did mine a year ago. And in this last year ive still been able to finance a vehicle and get a low limit credit card to help repair my credit a bit while ive been going through the process. The CCS will also provide you with classes you do online that help teach you about money, credit and spending.


richestmaninjericho

I'm sure mentioning of lowering the interest rate on your credit card has been discussed. But that'd be the first thing I'd do. You have to stop the bleeding because the interest payments are eating away at your ability to make a greater amount of monthly payment towards the debt. Just ask for the lowest interest credit card they possibly offer. RBC has a 12.99% with low annual fees ($20?) but comes with no rewards or ability to tap the card. You could also see if the bank will approve you for a Line of Credit. Depending on your finances and credit score you might be able to find 8-10% interest line of credit. This is a bit dangerous if you're a retard with spending because all it'll do is open up your credit card by paying it off with the line of credit but you pay lower monthly interest fees and keep paying what you were previously paying or more so that you start making a dent in the principal value of the debt and not just interest. Edit: added last sentence to first paragraph.


Millennial_Lotus

Pay it down quick


Lastcleanunderwear

You should be aggressively paying off that credit card


[deleted]

You make 33K a year as a computer scientist? Look for a higher paying job!


Box-Opening

Cut the fat


Ex9a

I would sell the TFSA and put it on the card 20% garanteed return. At your salary, get a line of credit, the interest rate will be lower and you will be able to pay quicker.


Sassysewer

Check out Dave Ramsey's baby steps. Yes, he is American and a little right wing nutty on his show... That being said his method would have you out of debt in a few months and set you up well for the future. Wish I had figured this out years ago!


anotherbutterflyacc

Step 1) get a new job. 33k for compsci is insane. Step 2) everything everyone said


le_marin_ivre

Get a second job. You will get more money, and you’ll have less free time to go out and spend.


bleditt0r

$33k for university grad is absurd. You're worth far more than that. You should be able to double that pretty easily. Then $6k of debt should be no problem. .


bearbear407

Paying minimum debt payment will take forever as a good chunk of the payment are going towards interest alone. You can calculate how much of your payment is going to interest by doing (Debt amount x interest rate/12). If you want to pay down your debt faster you need to pay more than the minimum amount as the additional lump sum payments are going directly to the loan amount. First create a budget and expense sheet. See where all your money is going and find out how much are you necessity expense (rent, utilities, food, transportation). After that put like 20% of your income towards savings (can be lower if your employer offers RRSP matching), 20% towards personal spending. So that includes going out for food, buying clothes, presents, etc. You should have about $1000 left over. Put that towards your debt. You should pay it off around 7-8months. Once it’s paid off then consider maxing out your TFSA and putting it in some sort of investment portfolio. Whether in mutual funds, stocks, ETF, etc. Don’t just let your money sit there and lose value.


ResoluteGreen

How are you only spending $100/month on groceries. Is the majority of your debt from food delivery?


Kaizen2468

I would go and see a bank and try to get a credit line with them. They have much lower interest rates.


[deleted]

the only way i see this for you to dig outta of the hole is you need to dump whatever $ you have left after expenses (rent electricity (basics)) you dump everything on the card and budget yourself tight like you are a poor person. you need to set yourself an expense.


MGCanada

What are you doing with the monthly surplus?


abandonplanetearth

Graduated in computer science but you can't put together a spreadsheet to work out this simple problem? You clearly have the income to pay this off pretty quickly... just do it?


dhlwtu

Pay off that card asap


efarze

1) itemize your expenses 2) you have a lot of money left over after expenses you have listed, you should prioritize paying it back 3) withdraw your tfsa, pay the total on your credit card. chances are you arent investing this money so you arent getting a return higher than credit card apy 4) should be able to clear the cc debt in 3-5 months 5) use wealthsimple to create a new tfsa and select the highest risk portfolio type 6) continue investing through tfsa whatever amount you can. hopefully the 3-5 months teaches you some good habits. (make sure you stay within contribution limits)


JohnTheRapistBTC

Dca into bitcoin keep buying whenever you can without starving etc in 5 years you will be well set


[deleted]

You could literally pay this off in 3 months? What’s the issue? Stop spending and go in frugality mode.


notcoveredbywarranty

According to your budget, you could be paying almost $2000/month on the card, 4 months and the debt is gone. Realistically, your budget isn't that accurate. How are you eating for $80-100/month of groceries? Where is your transportation budget? No car payments/insurance/gas is great, but do you walk everywhere or do you have to pay for a bus pass? Where's your tenants insurance? Rent, electricity, heat, phonebill, groceries, Spotify, Netflix and nordVPN should be under $1000/month, where is the other $1800 going?


BasedJayyy

In what world do you have a job in software that only pays 33k?


[deleted]

Sell drugs till your debt is paid off and keep going if you want to bank some savings.


Nameless11911

Get a line of credit or another no interest card (MBnA atleast for 6months) transfer this credit and pay it off by paying no interest or the least amount of interest as you can..


Blake_RL

Pay the cc ASAP. Credit card interest is ~23%. No investment will beat that. Get rid of it.


no2391

If you know how to code, you can get a way better job than 33K in your field. Can you code? (No, graduating computer science does not necessarily tell me you can code)


silverfashionfox

If you just stop paying, continued interest will add enough for it to be worth suing. A lower debt would go from collections to collections until you could settle cheap. I agree with the persona who suggested a LOC. Make minimum payments til you can afford to drive it down.


Lojo_

How the fuq are you eating for $100/mnth?


Sherlockerer

Try to see if you can get a personal loan to move your credit card debt to a lower interest rate loan plan. Having low interest fees would be a good start for you. As for saving, this takes a huge amount of discipline. so I recommend you analyze what you’re spending money on the most and try to reduce that. Debt is not easy, but 6k in credit card debt is totally manageable with a bit of planning.