A_Muffin_Substantial t1_j2meo43 wrote on January 2, 2023 at 11:56 AM

Reply to comment by FinnishArmy in [image] by _Cautious_Memory

How the fuck do you rack up 14k of credit card debt?

ValyrianJedi t1_j2mrbsp wrote on January 2, 2023 at 2:09 PM

By buying things on credit?

[deleted] t1_j2rgglx wrote on January 3, 2023 at 12:51 PM

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Autumnlove92 t1_j2mxmis wrote on January 2, 2023 at 3:01 PM

Sometimes it just takes 1 emergency. My car was totaled in November. I had exactly nothing extra after paying all my bills and whatnot (AND I work 2 jobs by default to get by) I had to put my down payment on a credit card because I absolutely can't go without a car (single, live by myself, no family, America where there's no public transportation) 1 emergency was all it took for me. I'm lucky in that I got the value of my old car back from my insurance (all whopping 7k of it) but then my cat got very sick and there's more shit that went on a credit card. 1 emergency for most Americans. It sucks

FinnishArmy t1_j2n1m9j wrote on January 2, 2023 at 3:31 PM

Depression.

Khazahk t1_j2niwhl wrote on January 2, 2023 at 5:30 PM

Wife and I just took out a personal loan for 10k to pay off a credit card which has gotten up to 11k. We understand finances and pay attention to it. But 2 kids demand a lot more attention and money. Paying twice my mortgage per month for daycare. $600/ week for 2 kids attending daycare 3 days a week. Spent $25k on daycare in 2022, dependent care FSA only let's you save $5,000 pre-tax. Meanwhile churches operate tax free in this country.

PM_ME_YOUR_WIRING t1_j2n3ssx wrote on January 2, 2023 at 3:47 PM

Spending more than you make.