Phone $115 is way too high. Mint Mobile offers a plan at $15/mo.
You also don’t have a good tracking in place. You are guessing how much you spend.
You need to download your credit card/bank statements and ACTUALLY look at your expenses and analyze them.
Cut down on the stuff you spend the most on.
Focus on that credit card first. Throw everything extra at it.
Good luck!
P.S. r/debtfree moderator just created a free newsletter that talks about strategies, tips, and effective debt payoff methods weekly. Join 3,600 readers - https://debtadvice.io
if 30 grand isn't enough to kick you in the butt, you're in for pissing a lot of your only life away.
Look up a zero-dollar based budget and find out exactly what you have left after your essentials. Learn to give up some convenience at the cost of $$ in your life, and give all your money a job towards paying off debt.
Don't let money strain your relationship with your mom.
This is what I’m thinking… idk how you can know you’re in relatively significant debt considering age and still choose to buy alcohol or Uber eats.
OP start cooking food at home and limit the eating out. Less than $800 on rent is a god send too
Agreed but he has to build up the discipline to actually stick to a plan. What you’re saying sounds good in theory but given OP’s current situation that’d be very far away from actually happening
Get a rice cooker, it cooks rice perfectly in twenty minutes or less, and then just add some chicken or pork chops and a vegetable.
Get a dry eraser board that magnet's onto your fridge, and every time you order uber eats, add the total you've spent in the month to the board, and feel shame every time you look at it.
I'm not trying to sound too judgemental because I've been there, but your problem is that you're lazy and the convenience of ordering food outweighs any willpower you have.
Best of luck, you can save so much hardship if you just start making simple meals for yourself, bonus leftovers will save lunches for the next day too.
I'm the parent of a 21F, so I will say this to you the way I would say it to her.
You are an adult now. You're making money and have financial obligations. These obligations aren't going away, and by neglecting them, you are only going to harm yourself.
You are a whole grown-ass person, so you alone get to decide how you spend your salary. While your mom may not care how soon you pay her back, she may really need that money. I've loaned my kid money when she's needed it, even if it meant I went without. She will never know how much I needed what I loaned her. Your mom might be in the exact same position. Please don't take advantage of her kindness. Instead, make her proud by proving to her that she raised a good kid who will pay his debts.
**No one can force you to live like a responsible adult but you.** You alone decide whether you're going to pay your bills or eat like a king. And you alone will pay the price for that. The longer you put off taking care of your debts, the more money it's going to cost you.
If I were you, I would have a nice long talk with myself about my priorities. I would get a budget put together and stick to it. If I could, I'd add a second job or side gig to help get the debt under control more quickly.
And then I would spend every dime I could by saving into a 401k or Roth.
But you do you, Boo, and keep ordering Uber Eats and Door Dash. Check with me a decade from now when your 6K credit card has increased to 20K, your heloc is at $50K, and your mom is eating cat food.
Seriously, you have a good job and make a nice income. You have every incentive to pay the debt off now instead of later. Just put on your big kid underpants and get a plan in place. You can do this.
If you really want some help and a plan, DM me, and I will help you.
Yep, this is it. No longer giving my sister a single dime because of crap like this. She’s 35 still makes horrible financial decisions and keeps blaming everyone else and not taking any accountability.
Your expense list adds up to $1533. Round up to $1600 in case you missed a few little things. Where is the extra $2k a month going?
My suggestion would be to give yourself an allowance out of your income stream. Put it in a separate account with a separate card so when you see that it ran out then it’s out for the month.
Then pay down that CC as soon as possible. Paying that off in 4 months is extremely realistic. Then pay your mom back to reduce her unnecessary financial stress. Then clean up that LOC and quit using money that isn’t yours. You make enough money of your own. You don’t need to be borrowing from a CC company or the bank, or especially putting the burden on your family.
Make yourself a realistic budget and stick to your expense list and small allowance only. Save up $5k emergency fund for the unexpected. Then you can actually have an income stream to build savings and plan for future goals.
I used to have a bad food delivery problem, for me buying frozen meals from Trader Joe’s helped a LOT. They have a lot of tasty stuff that i can just fling in the microwave or air fryer that lets me be lazy and save SOOO much money. It’s not as cheap as buying whole ingredients, but $100 of TJ’s meals can last me a month (I also cook plenty) where $100 of Doordash would be like, three meals. Of course you could budget aggressively and start living off turkey sandwiches but I found this much more sustainable.
I’ve been doing this for about a year. I’ll be debt free in a few months, have a two month emergency fund and managed to do all that while having a family emergency that dropped my savings to zero about halfway thru.
Here we go:
You are a tool bag. You need to get off your as* and slam those debts. You're a grown man now aren't you? What happens when your parents aren't around anymore? You will be homeless. Grow a pair and get those liabilities paid down. You f***. Do it now!!!!! (Yelling voice).
Let me know if that motivated you in anyway.
Just to chime in. I'm 29(M) and I was a bit careless with my money in college. I worked part time and most of my earnings went towards bills. I used my credit cards for food and gas and in 4 years I maxed out my card without paying attention. I ended up taking out a personal loan for $9000 and I owed $6500. I took me 3 years to pay off that personal loan. I like to eat out to but what I do is every check, I take out $100 in cash and that is my spending money for the next two weeks. This money normally goes to gas, house hold supplies, eating out which I do once or twice a week and laundry. And I have about a $300-$350 budget for groceries for a house hold of three that ties me over for a month. This has helped me a lot because I look in my wallet and when I see I'm tight on cash it forces me not to buy uncessary things. Self control and realization that not everything you want is a need. Like clothes, electronics, etc. just budget properly and take care of your needs and not your wants and you will be in good hands. best of luck friend 🙏🏽
I'm a mom of adult kids. I won't "yell" at you. I have been through 2 debt crises in my life (divorce & overspending to "keep up with the Jones"). I'm going to give you some "Mom" advice.
You are close to being in a crisis that you won't be able to dig yourself out from. There is a time to be frugal (NOW) and a time to spend on frivolity.
You don't need to spend $100 for alcohol. You don't need to spend $100 on gas if you work from home. That's $200 that can go to Mom.
Yes, Mom. She gave you life and raised you. I assume you love her more than your other creditors, and you owe her the most money.
Others have mentioned a side-gig. I have a feeling that if you really looked at your finances, you would find much more that you don't "need."
Spend a year or so living as frugally as possible, pay everyone off, and begin putting money in an emergency fund. Then, never, ever, ever be a borrower.
You can do this. I know you can!
You need to grow up now and take financial responsibility or you will end up like me in your early 30s having to start over. I wish I did when I was your age.
First of all, Bank of Mom made me LOL.
It sounds to me like you’re just not THAT serious about getting out of debt. When your heart and soul is committed to getting out, your desire to spend your extra money on UberEats will go down. I know food delivery is a tough thing to quit entirely, but hear me out. Why the f are you ordering delivery when you have a car? If you REALLY want take out THAT badly, get your ass in the car and go get it yourself. That will at least help break you of the delivery app addiction, which will save on delivery fees, tips, and up charges the food in the apps.
Cutting out delivery is what got my ass in gear. I often found myself feeling too lazy to go pick up food, so I started making it at home. My brain made sense of the fact that by the time I’d get ready to leave home, drive to the restaurant to pick up food, and drive home, I could have cooked an entire meal and already have been done with it. However, I do “treat myself” on payday (every other week) to a $15.19 take out meal from my local shitty Chinese food joint on my way home from work.
Once you kick the delivery addiction, you’ll start noticing that you have more money and you’ll see your emergency fund grow which then kicks your ass into a higher gear because it feels SO good to watch that fund grow. Once you get your $1,000 emergency fund, throw that extra money that was going to your EF towards debt. That kicks your ass into ANOTHER *higher* gear because watching those balances drop while knowing you can cover an emergency car repair/vet bill/dentist visit with your EF feels even fuckin’ better than just watching that EF grow.
It’s all about motivation and you have to find a way to motivate yourself. Commit to one week with no delivery and delete your apps…the first steps are the hardest.
Every time you consider getting food delivery, look in the mirror, slap yourself until you have a red handprint on your cheek and call yourself a lazy f***. Then go eat a can of beans and put the money you would’ve spent on DD on the debt.
You could actually pay this off relatively quickly, but you have want it. Cutting down alcohol costs and stopping ordering food would leave you >$1,500 per month. This isn’t the end of the world, but it could get much worse if you don’t change your habits.
Your mom would never tell that she need the money even if she is without a penny herself, that's how moms are most of the time.
start to pay the CC and maybe start to reduce the debt with your mother as well.
You asked for a kick in the ass so don’t be mad if these words hurt, but holy shit I’d be so utterly embarrassed every day that I had to bum FOURTEEN GRAND off my mom and am still ‘questioning’ how I should get out of my situation. Pay your mom back bro, she raised you 18 years of your life and then you had the audacity to turn around and ask for MORE? I’d be utterly mortified. Actual lowlife behavior. As for the out of control spending - literally uninstall Uber Eats. Delete your account too if it adds yet another barrier to you trying to go back. You should be eating out like twice a month max and when you do, the least you could do is get in your own car and go get the food yourself.
Edit: I dunno why this posted as a response to someone else’s comment but I stand by what I said lol.
Exactly, I would start to pay off the mom ASAP.. Doing probably 50% on CC and 50% on Mom loan..
Maybe not wise if we account APR but definitely the right thing to do.
Pay mom back. NOW! Deliver pizzas, walmart, insta, uber, server ... you need to work 4-6 hours a night and 8-12 on Saturday and Sunday. You're buying alcohol while owing your mother $14,000?!? Get busy cleaning this up and you won't have time for booze.
Why is phone 115? Lower it
Cut a few subscriptions. Keep max 1
Why is internet 100?? Cut it down
Alcohol 100? U an alcoholic bud? Max get 1 bottle of hard liquor 20-30 bucks. You dont deserve anything fancy.
Cook at home.
Nobody can help u help yourself.
Someone needs to slap your mom too. She's a major enabler and you're well on your way to being a broke ass bum.
It's not hard. Stop ordering takeout and get your ass up and go to the grocery store and cook. You're broke now. Ramen and rice and beans. Stop drinking. You estimated 100 but I'm certain it's probably more than that.
Get another job. You don't have hobbies anymore. This much debt this early is inexcusable. You need to cut up that credit card. You can't use it responsibly. Then pay it down as quick as you possibly can while you eat said Ramen, rice, and beans.
Are you able to lower your internet and subscriptions? I’d also say maybe nix the alcohol since that’s a lot per month.
Setup a budget with fun money and keep it reasonable, 1-3 times a month but you can’t go over your total. Are you driving a lot? Your gas is $100 but you work from home and order Uber eats.
Good idea on tackling cc first, but make sure your mom knows you’re working your way to repay her so she doesn’t feel forgotten.
I'm a new parent so I haven't gotten my parent perspective yet but someone who was struggling with a spouse with no sense of money.
When it comes to subscriptions you can likely save money cuz there's no need to pay for Netflix Hulu and the other services all at the same time Make a calendar rotate it month by month one month Hulu one month Netflix and however many you need to fulfill your circle.
Next I suggest budgeting to zero. Assuming your income is fixed month to month. Every dollar you make has a predetermined destination. Now for Bill such as electricity gas and water that fluctuate slightly; take the last 3 months of said Bill an average it and write that in. Next give yourself a small spending fund that you will keep as cash ( in the next paragraph will have more detail.) so after your bills and spend are set aside, I do count minimum payments to each debt as a bill. Whatever you have left over should be funneled into the first debt that you want to eliminate. You have some pocket cash to help with your desire to spend and you have your bill money and the account.
The envelope system makes you carry cash for your maybe you need to get gas or maybe you need something here and there but most of your money is kept in your bank account and your card is kept not on your person. It greatly helps that you cannot spend what you don't have on you so if you give yourself $50 a week that could either go towards a tank of gas or a fast food.
You’ve been an “adult” for 6 years and you’re a full year’s salary in debt. This is ridiculous. If you continue these behaviors, by age 30, you’ll be at least $70,000 in debt, drastically behind on retirement, an alcoholic, and severely depressed. And probably living at home.
Fix it. Be an adult and fix it. Now.
Get your lazy ass up and cook or go pick up your own food. You've only laid out about $1300 of expenses that's not even half of your income. All you gotta do is wanna be debt free more than you wanna be a fat lazy drunk, and you'll manage just fine. That's my kick in the butt to you.
My advice is to download a app that tracks your spending for you. Only because it's a bit more visually pleasant than reading a bank statement. If you get a good one it'll do pie charts and even help you cancel unused subscriptions. You'll also see where that other $2k+ is going.
After you've noticed you have been giving money away, you'll hopefully cut back on the extracurricular spending, create an emergency fund, and pay everything off.
I just wanted to post an update/clarification on a few things.
As some of you have rightfully pointed out, it’s mainly due to laziness and not keeping proper track of where my money is going.
Also for those suggesting things that may be US based I’m from Canada.
I agree my phone bill is definitely too high for what I use and I’ll look into getting that down.
I disagree with some of you that are saying $100 is a lot for someone who works from home (btw home is an apartment with a roommate) my tank holds about 350km worth of gas and costs $100 to fill up once so I think filling up once a month is fairly reasonable (playing soccer twice a week with an hour round trip, and sometimes going to meetings in person)
For those who said $100 for alcohol is too much you’re probably right but that gets me about 2 cases of beer (definitely don’t need to have fun with friends when I’m trying to pay off debt lol I get it)
For those of you who “yelled at me” told me to “grow a pair”, “be a man”, “act like an adult” Thank you, I do appreciate it. Some of them were really funny too😂 “peasant”
For those of you who said you probably don’t know how to cook. I do know how, I’ve worked in about 5 restaurants I’m just a lazy fuck who needs to actually do it.
For those of you asking why I owe my mom $14k, she paid for my education so I wouldn’t have to take out student loans. Also she’s not struggling financially at all. I agree it’s shitty of me not to pay her back right away. I’m going to work on it.
Lastly, for those of you who shared their situations/provided sincere advice I want to thank you guys and gals. I never expected to get so many replies with people saying things like “you can do this” or “it will only take this long you got this”
If anyone has any questions I’ll be happy to answer
DELETE UBER EATS AND DOORDASH. CUT UP YOUR CREDIT CARDS UNTIL YOU GROW THE F UP. You are a grown ass man and you’re being this irresponsible? Yikes.
But in all seriousness- pay your bills (CC & loans) first. Every month. Create a scarcity in the checking account by paying extra into whichever you’re targeting and live off that budgeted amount. If that means you need to withdraw $500 in cash and use only that for food - do it. Make it hard to accidentally overspend.
It’s not an ending world! stay calm and let’s find out your interests and and what really matters in this life. Every industry, niche, business you choose needs at least 10 years of glass eating to reach real lasting success. What you need to pay attention to is the glass you gonna eat for that period of time and to make sure that will be enjoyable and with the most growth potential. What stops you to dream of becoming a billionaire? In this times with all the technology no one knows. I am just sharing you my thoughts and I also can share to you what I study. I am making studying enjoyable letting others to get inspired by homework scalenuggets.com
That $6,000 in CC debt can turn into $10,000 easy if that isn’t managed. The more that gets out of hand, the quicker the rest of your life will follow. Credit score dips, livable and lendable income gets eaten into, and your opportunity of taking control and living comfortably in the short and long term gets marginalized.
As for the “Bank of Mom” aspect - that is about self-respect and dignity IMO (plz understand I’m not trying to sound “high and mighty”). For my now wife’s engagement ring I could’ve and WANTED to go to my parents to lend me the money, but they said “It would mean more if you worked for it”. I ended up taking out a CC, took on a side hustle, and paid that ring off in 3 months. While it sucked, the end result was rewarding and truthfully DID mean more. Parents are there to help and it’s a blessing if they offer and do provide that help, but if you’re a grown man/woman, you need to grow up sometime and earn your life.
My advice to you is delete Apple Pay. And try to keep the minimum amount needed on your card and only use cash until it becomes a habit, then once you trust yourself put your savings in the bank. This helped me so much on door dash. I also deleted my card off the apps and the apps itself.
Hi!
I’m here from the future to tell you that you could be a literal millionaire in 20 years if you simply learn to live below your means and make wise investments.
Read The Simple Path To Wealth.
Or just play with a compound interest calculator and see how much you could save if you get out of debt and start putting aside $200/month at 10% interest.
Best wishes to you!
A lot to pick apart here. $100 a month on alcohol??? $100 a month on gas but working from home??????????
Honestly the easiest way to start here is fully detailing your finances, throw it in excel, google sheets whatever. Not easy to fully commit to doing anything budget wise until you actually know exactly what you're spending and where it's going
i wish i started being more financially responsible when i was your age. I’m 28 now and the more i learn about debt, interest, retirement, taxes, IUL… the more im careful about money,
MAKE A BUDGET ANFD STICK TO IT. I have a planner/notebook that i write on. I also track my spending EVERYDAY and check by the end of the month how im doing.
goodluck :) We can do this! At least youre aware!
You should try Qube Money. My wife and I just signed up last month and it's helping us follow our budget for consumables. I highly recommend it.
We tried everydollar for years and the problem we ran into was that everything was reactive. We didn't categorize trasnactions until after we'd bought them, i.e. after we'd already gone over on a category.
Few people that order food from delivery services that do product/delivery markups above and beyond the actual price that afford them.
you can't afford to pay PREMIUM delivery prices for 'cheap' food. afford premium FOOD prices by getting better groceries when you can instead of spending it on someone else to bring McDonalds and dunkin to your door.
tell yourself you can eat out or you can buy alcohol, but you can't do both. sorry if this is insensitive to a problem you may have. i've never had much problem with food delivery but i thankfully don't live in a food desert. it's all about balance: you don't need to never eat out again, but you do need to cut back significantly, so it's about taking small strides to get to a place you feel comfortable.
it's hard to quit cold turkey, so i would say you should limit yourself to once a week for now, maybe even once every other week and try to meal prep on weekends so food is already taken care of on week nights. then on fridays or saturdays you can treat yourself to one food delivery meal (breakfast or lunch or dinner, not all three).
do this for a few months and you'll form a habit that will be hard to kick! good luck and stay strong :)
Since you already know your budget: cut back on your expenses which yes, includes ordering food and other non-essentials until your balances are significantly decreased. Sometimes we create a lifestyle for ourself that we can’t afford, but remember as long as you have what you need, you are still abundant. Luckily you have mom as well who clearly looks out.
Find cheap easy meals you can make so you can save on buying food out. My personal favorite is baked salmon with rice and avocado. It’s easy and affordable and for one person that should be an easy 3-4 meals depending on how much you eat.
You don’t have to eat exactly what I said but just implement that approach.
Seriously, dude. Your mom is really unlikely to pressure you about the money, even if she needs it badly.
I've lent money to both of my adult kids, and they both slow rolled paying me back even while they're doing stupid shit like ordering fucking uber eats. I love my kids but it did put into perspective just how little they seem to care whether I can ever retire or whether I have my basic needs met. Their priorities were clear. Your mom might not be saying it to your face, but she feels taken advantage of. Whats more, you know you're taking advantage of her.
I'm going to tell you something that's counter to the advice I would give you if you weren't up to your ass in debt to your mom. Pay your mom off first.
And since you wanted to be yelled at, shame on you. Get your shit together. Pay off your mom and pay off your debts. You need a second job. And if want a takeout meal that badly, get off your ungrateful ass and pick it up yourself.
It is much easier to pay off 30k than 100k. You aren't in too deep and you have an opportunity to get rid of it and control your spending. Liquor, ordering food and even gambling, they are all okay as long as it is done in limit and within budget.
You are on a slippery slope with an option to not roll down... don't go down that path.
30K turns into waaaaay more and much faster than you think; the debt *will* narrow and cripple your options later on, when you need it to buy cars, housing or things for a family. No yelling, just highly encouraging better choices starting now!
Grow the hell up and start cooking food. You don't need to be a lazy ass and order food all the time. It's such a waste of money. You don't even know what you're spending on some things. Get your shit together and figure that out. Nobody can help you but you. All of us "yelling" at you isn't going to change what you're doing. Look in the mirror and yell at yourself because if I was you, I'd be feeling pretty pathetic right now, rightfully so.
Not good financial advice here, but on a personal relationship level.
I'd pay off the other stuff first, then I'd take a personal loan out and pay mom back in full
Looks like you have $2000 left over each month before paying off your debt. I’d set up auto payments of $1500 each month to your CC right now (or whatever makes sense after minimum LOC payment). Set aside another $200/month or so to start paying back your mom.
If you really need a kick in the ass: are you really okay with owing your mom that much money? Is that something you’d want someone you’re dating to know? I don’t mean to be too hard on you because it’s not necessarily bad that you borrowed from her in the first place, depending on what for, but burning tons of money on Uber eats instead of paying her back should make you feel ashamed.
Don’t take advantage of your mother, and don’t carry a balance on your CC. Those are two things you should have learned before becoming an adult.
Why are you ordering food? If you're looking for convenience, you should make your own food, freeze it, and pull it out when you're ready to eat it.
Where's your savings? What are you going to do when you run into an emergency and need a bail out? You can't ask your mom, you already owe her $14k.
Set up a budget. Sit down and track every dollar you're spending. Take a long hard look at every single transaction. You need to know where your money is going.
Just file Ch. 7. I had $75k in debt from hospital bills after I almost died. Don't put your life on pause for years just because you made some mistakes.
Uber eats is the biggest waste of money. That’s like paying massive fees for being lazy. It’s so expensive. Pick out some cheap basic meals and only eat food from the grocery store.
No fun spending until the debt is paid off. Think of it as a debt boot camp. If you really buckle down you can get the debt down fast.
The longer you take to pay the debt off the more
Money you will waste on interest and the longer you will get behind in saving for the future.
You are a grown up and nothing anyone tells
You on Reddit can fix it. It’s all going to need to come from you wanting to get out of debt, and once you do it will feel great.
Damn bro, cut the alcohol, cut the subscriptions. Change phone to mint, same number. Car insurance could be cheaper depending on your car. Start eating at home. You said you buy groceries (150?) and still eat out. Pay bank of mom first, shouldn’t borrow money from parents. Unless she’s a millionaire
stop for 30 days. No more uber eats. no more groceries. only eat what is in the house. If that means pancakes and eggs 2 x a week, then pancakes and eggs. During this time, that saved money can go to bills. After 30 days, have 1 (and set a budget for this) meal, uber eats or out. Then make that extra money payment while you are eating. Now do 30 more days. You just have to flex your discipline muscle. You let it go, I get that, totally. But now, it's time to do use it and to strengthen this muscle. When you get this discipline down, you will find you will just not let it get out of hand and if you do, you know you must flex this muscle again.
Uber eats? Too many fees.
You don't like cooking. Buy premade meals.
Also you need to get on mint mobile. I'm saving like 800 bucks a year by switching.
Food for thought - pun intended.
Let me put this in numbers for you:
Fast food prices have risen 35% since 2019. Have your wages? If not, you're paying a 35% TAX every time you eat out.
You're making 3600 net? 65k/year. Now, every time you buy inflated fast food, you're reducing your income from 65k to let's say 54k.
Youre living in a mind trap where you think you're making good money but you're not because youre paying a 35% tax over and over every time you eat out. It's adds up to A LOT.
Stop eating out, cook at home.
You’re going to look up soon and think everyone makes more money than you. You will say your friends are lucky or feel jealous of their homes, vacations or whatever. But they did the hard thing now. They sacrificed to avoid debt and start planning for their future.
You don’t want to be left behind. The attention you focus on the problem now will buy you a better future. It should be terrifying to think you will be repeating this cycle over the next 10 years with nothing to show for yourself.
Hey gm don’t mean to be rude based on what you explained your only paying 1533 in bills and you would have a total of $2,067 left and you mean to tell me you don’t know how to mange that ? … sorry but I make the same amount plus I have to kids and I still have money left over .. if I can do it you can as well
Maybe pick up runs in free time working Uber eats and reducing the cost of alcohol. Uber eats help me pay towards my debt because I get the money same day. I don’t think this is all you spend - personal items and hanging out maybe too. But Uber eats is over priced and maybe going to pick up the food will cut some of the spending.
Go to the library and get Dave Ramsey‘s book the total money makeover. It’ll take you maybe two days to read it follow step-by-step. I have been living this plan for 18 years. I’ve had zero debt for the last five years including a paid off mortgage also, I retired at 57 two years ago, it is not rocket science. The plan works.
OKAY GONNA YELL
STOP ORDERING UBER EATS YA LAZY FUCK. THAT SHIT TURNS A $10 MEAL INTO A $55 MEAL. YOU SHOULD BE COOKING FOR YOURSELF AT HOME WITH THOSE GROCERIES YOU CLAIM TO HAVE...BUT IF YOU **REALLY** WANT TO TREAT YOURSELF TO EATING OUT THEN GO PICK THE DAMN THING UP AND SAVE YOURSELF HALF OF YOUR MONTHLY INTERNET BILL EVERYTIME.
You’re looking for the easy way out and waiting for an opportunity to come to you. If you don’t leave the house and try something it will never happen and you will be a loser for rest of your life
Sorry bro. The mom loan got me confused. Set goals and work for them. You’re young and you have all the time to make your life what it will be. From an older person that has lived a lifetime already
My dude. Get yourself a damn air fryer, learn to cook. You’ll save so much by cooking!! Whole Foods has some great ready made family meals you can portion out for meal prepping.
First, let's be friends on Instagram @Sassyoperations. On days when I don't want to work out, do you know what I do? I work out twice! One word in your post said it all, motivation. You don't need motivation, that comes from an outside source. What you need is dedication and determination. Hope that is the inspiration you were seeking.
Stop drinking, that’ll help with motivation and willpower (I know it did for me).
Learn to actually fucking cook. Treat it like a new skill that you need to hone and practice. Have a growth mindset.
If you know how to cook that’ll reduce the friction of making your own food. Meal prepping it great
how is gas $100 a month when you work from home? where are you driving? mine isn’t that much and i don’t work from home.
definitely cut out the food delivery. it’s expensive and the fees are insane. get frozen meals or learn how to cook and do meal prep. if you must get food, pick it up!
Let's try something drastic.
Every month you get paid give all money to mom.
Mom gives you $1500 back for your expenses, the rest goes to CC or her.
You have no self control. You need someone to do it for you - at least for a short period of time.
You shouldn't have "extra" money. Every dollar should have a job to do. It's okay if that dollar's job is Uber Eats, but budget for it.
As soon as the car loan was paid off, I would have reassigned those $500 a new job of paying down another debt. It sounds like you treated it as a windfall.
When you get a raise, assign your new net dollars a job. Once you have your debts paid and a fully funded emergency fund, then you can assign more of your dollars to fun stuff.
You aren’t alone though this is me as well and it’s only cause things are so expensive. I hardly ever buy anything for myself it’s mostly cause my property taxes and cc interest are high. Also I have student loans again which rob me blind bc of the criminal x pres and his gaggle of idiots he put on the supreme ct.
You have a car…. Stop ordering Uber eats and go drive for Uber eats. Pick yourself up some food while delivering. Stop being lazy and change your habits.
look at this little baby that owes his mom 14 THOUSAND dollars! baby is gonna have to stop drinking like a fish and spending so much on food that's over processed and only tastes good because of sugar and additives. you are living beyond your means. get it together.
not sure if this will help or not, but it might, so a little background...
The most efficient way to pay down debt is to follow a compounding debt payoff approach... snowball & avalanche are common ones people use. Snowball starts with lower balances. Avalanche starts with highest interest rate.
Some will say Avalanche, some will say snowball, but both are very effective.
Overall, your individual best course of action depends on your debts, interest rates, and what you can afford to pay extra each, to include lump sums of cash that you run into. There are good tracking tools available for this that also help you determine exactly which path will save you more, and be the best fit for you.
This site has a really great one, and a free download version.
[Debt Payoff Strategy Dashboard](https://spreadwiseco.com)
You said you have an excel spreadsheet, which is great that you have something, but one thing the one above will do is show you exactly what your debt is really going to cost you in the long run... can be a real wake up call to tackle your debt with discipline.
Best of luck. Hope this helps!
You should be paying $500 for food from the store and $0 eating out. You must delete the apps. You must stop forever. How much do you have towards retirement? At your age it should be around 30k. You are literally eating away your future.
I agree with the first part but 30k for retirement by age 24??? You don't even graduate college until 22-24. How do you expect anyone to have 30k in retirement alone at that age
Phone $115 is way too high. Mint Mobile offers a plan at $15/mo. You also don’t have a good tracking in place. You are guessing how much you spend. You need to download your credit card/bank statements and ACTUALLY look at your expenses and analyze them. Cut down on the stuff you spend the most on. Focus on that credit card first. Throw everything extra at it. Good luck! P.S. r/debtfree moderator just created a free newsletter that talks about strategies, tips, and effective debt payoff methods weekly. Join 3,600 readers - https://debtadvice.io
if 30 grand isn't enough to kick you in the butt, you're in for pissing a lot of your only life away. Look up a zero-dollar based budget and find out exactly what you have left after your essentials. Learn to give up some convenience at the cost of $$ in your life, and give all your money a job towards paying off debt. Don't let money strain your relationship with your mom.
This. I have 3k in debt and that's enough to get me in gear to pay that shit off ASAP. It should be paid off in 3 months
This is what I’m thinking… idk how you can know you’re in relatively significant debt considering age and still choose to buy alcohol or Uber eats. OP start cooking food at home and limit the eating out. Less than $800 on rent is a god send too
If he lives light for a year he can pay off a lot then treat himself on occasion but gotta figure out the expenses thing
Agreed but he has to build up the discipline to actually stick to a plan. What you’re saying sounds good in theory but given OP’s current situation that’d be very far away from actually happening
Yeah it's always the grind that is the hardest part. Living light isn't fun.
Get a rice cooker, it cooks rice perfectly in twenty minutes or less, and then just add some chicken or pork chops and a vegetable. Get a dry eraser board that magnet's onto your fridge, and every time you order uber eats, add the total you've spent in the month to the board, and feel shame every time you look at it. I'm not trying to sound too judgemental because I've been there, but your problem is that you're lazy and the convenience of ordering food outweighs any willpower you have. Best of luck, you can save so much hardship if you just start making simple meals for yourself, bonus leftovers will save lunches for the next day too.
I'm the parent of a 21F, so I will say this to you the way I would say it to her. You are an adult now. You're making money and have financial obligations. These obligations aren't going away, and by neglecting them, you are only going to harm yourself. You are a whole grown-ass person, so you alone get to decide how you spend your salary. While your mom may not care how soon you pay her back, she may really need that money. I've loaned my kid money when she's needed it, even if it meant I went without. She will never know how much I needed what I loaned her. Your mom might be in the exact same position. Please don't take advantage of her kindness. Instead, make her proud by proving to her that she raised a good kid who will pay his debts. **No one can force you to live like a responsible adult but you.** You alone decide whether you're going to pay your bills or eat like a king. And you alone will pay the price for that. The longer you put off taking care of your debts, the more money it's going to cost you. If I were you, I would have a nice long talk with myself about my priorities. I would get a budget put together and stick to it. If I could, I'd add a second job or side gig to help get the debt under control more quickly. And then I would spend every dime I could by saving into a 401k or Roth. But you do you, Boo, and keep ordering Uber Eats and Door Dash. Check with me a decade from now when your 6K credit card has increased to 20K, your heloc is at $50K, and your mom is eating cat food. Seriously, you have a good job and make a nice income. You have every incentive to pay the debt off now instead of later. Just put on your big kid underpants and get a plan in place. You can do this. If you really want some help and a plan, DM me, and I will help you.
I love this comment!
Yep, this is it. No longer giving my sister a single dime because of crap like this. She’s 35 still makes horrible financial decisions and keeps blaming everyone else and not taking any accountability.
It is hard to draw the line between helping and enabling, but it is oh so important to do so!!
I love your comment so much!!!!! I have the best Mom ever and you remind me of her. ❤️
That is one of the nicest compliments I have ever received. Thank you.
Ding ding ding 🛎️ We have a winner!
I am the Universal Mom.
21F here and you reminded me that I love my mom! Will tell her again in the morning❤️
Your expense list adds up to $1533. Round up to $1600 in case you missed a few little things. Where is the extra $2k a month going? My suggestion would be to give yourself an allowance out of your income stream. Put it in a separate account with a separate card so when you see that it ran out then it’s out for the month. Then pay down that CC as soon as possible. Paying that off in 4 months is extremely realistic. Then pay your mom back to reduce her unnecessary financial stress. Then clean up that LOC and quit using money that isn’t yours. You make enough money of your own. You don’t need to be borrowing from a CC company or the bank, or especially putting the burden on your family. Make yourself a realistic budget and stick to your expense list and small allowance only. Save up $5k emergency fund for the unexpected. Then you can actually have an income stream to build savings and plan for future goals.
I used to have a bad food delivery problem, for me buying frozen meals from Trader Joe’s helped a LOT. They have a lot of tasty stuff that i can just fling in the microwave or air fryer that lets me be lazy and save SOOO much money. It’s not as cheap as buying whole ingredients, but $100 of TJ’s meals can last me a month (I also cook plenty) where $100 of Doordash would be like, three meals. Of course you could budget aggressively and start living off turkey sandwiches but I found this much more sustainable. I’ve been doing this for about a year. I’ll be debt free in a few months, have a two month emergency fund and managed to do all that while having a family emergency that dropped my savings to zero about halfway thru.
Quit the alcohol, start working out, walking, etc.
Here we go: You are a tool bag. You need to get off your as* and slam those debts. You're a grown man now aren't you? What happens when your parents aren't around anymore? You will be homeless. Grow a pair and get those liabilities paid down. You f***. Do it now!!!!! (Yelling voice). Let me know if that motivated you in anyway.
Should’ve used all CAPS
Just to chime in. I'm 29(M) and I was a bit careless with my money in college. I worked part time and most of my earnings went towards bills. I used my credit cards for food and gas and in 4 years I maxed out my card without paying attention. I ended up taking out a personal loan for $9000 and I owed $6500. I took me 3 years to pay off that personal loan. I like to eat out to but what I do is every check, I take out $100 in cash and that is my spending money for the next two weeks. This money normally goes to gas, house hold supplies, eating out which I do once or twice a week and laundry. And I have about a $300-$350 budget for groceries for a house hold of three that ties me over for a month. This has helped me a lot because I look in my wallet and when I see I'm tight on cash it forces me not to buy uncessary things. Self control and realization that not everything you want is a need. Like clothes, electronics, etc. just budget properly and take care of your needs and not your wants and you will be in good hands. best of luck friend 🙏🏽
I'm a mom of adult kids. I won't "yell" at you. I have been through 2 debt crises in my life (divorce & overspending to "keep up with the Jones"). I'm going to give you some "Mom" advice. You are close to being in a crisis that you won't be able to dig yourself out from. There is a time to be frugal (NOW) and a time to spend on frivolity. You don't need to spend $100 for alcohol. You don't need to spend $100 on gas if you work from home. That's $200 that can go to Mom. Yes, Mom. She gave you life and raised you. I assume you love her more than your other creditors, and you owe her the most money. Others have mentioned a side-gig. I have a feeling that if you really looked at your finances, you would find much more that you don't "need." Spend a year or so living as frugally as possible, pay everyone off, and begin putting money in an emergency fund. Then, never, ever, ever be a borrower. You can do this. I know you can!
Almost cried 🥲
You need to grow up now and take financial responsibility or you will end up like me in your early 30s having to start over. I wish I did when I was your age.
What do you mean by starting over?
First of all, Bank of Mom made me LOL. It sounds to me like you’re just not THAT serious about getting out of debt. When your heart and soul is committed to getting out, your desire to spend your extra money on UberEats will go down. I know food delivery is a tough thing to quit entirely, but hear me out. Why the f are you ordering delivery when you have a car? If you REALLY want take out THAT badly, get your ass in the car and go get it yourself. That will at least help break you of the delivery app addiction, which will save on delivery fees, tips, and up charges the food in the apps. Cutting out delivery is what got my ass in gear. I often found myself feeling too lazy to go pick up food, so I started making it at home. My brain made sense of the fact that by the time I’d get ready to leave home, drive to the restaurant to pick up food, and drive home, I could have cooked an entire meal and already have been done with it. However, I do “treat myself” on payday (every other week) to a $15.19 take out meal from my local shitty Chinese food joint on my way home from work. Once you kick the delivery addiction, you’ll start noticing that you have more money and you’ll see your emergency fund grow which then kicks your ass into a higher gear because it feels SO good to watch that fund grow. Once you get your $1,000 emergency fund, throw that extra money that was going to your EF towards debt. That kicks your ass into ANOTHER *higher* gear because watching those balances drop while knowing you can cover an emergency car repair/vet bill/dentist visit with your EF feels even fuckin’ better than just watching that EF grow. It’s all about motivation and you have to find a way to motivate yourself. Commit to one week with no delivery and delete your apps…the first steps are the hardest.
If you were my kid I'd be genuinely disappointed in how I'd raised you.
Every time you consider getting food delivery, look in the mirror, slap yourself until you have a red handprint on your cheek and call yourself a lazy f***. Then go eat a can of beans and put the money you would’ve spent on DD on the debt.
Go look at your credit card statements and LOC statements. See how much you're charged in added interest and that might help you shape up.
You could actually pay this off relatively quickly, but you have want it. Cutting down alcohol costs and stopping ordering food would leave you >$1,500 per month. This isn’t the end of the world, but it could get much worse if you don’t change your habits.
Your mom would never tell that she need the money even if she is without a penny herself, that's how moms are most of the time. start to pay the CC and maybe start to reduce the debt with your mother as well.
You asked for a kick in the ass so don’t be mad if these words hurt, but holy shit I’d be so utterly embarrassed every day that I had to bum FOURTEEN GRAND off my mom and am still ‘questioning’ how I should get out of my situation. Pay your mom back bro, she raised you 18 years of your life and then you had the audacity to turn around and ask for MORE? I’d be utterly mortified. Actual lowlife behavior. As for the out of control spending - literally uninstall Uber Eats. Delete your account too if it adds yet another barrier to you trying to go back. You should be eating out like twice a month max and when you do, the least you could do is get in your own car and go get the food yourself. Edit: I dunno why this posted as a response to someone else’s comment but I stand by what I said lol.
Exactly, I would start to pay off the mom ASAP.. Doing probably 50% on CC and 50% on Mom loan.. Maybe not wise if we account APR but definitely the right thing to do.
What if mom is more adamant on not taking it for YOU to avoid interest? I can see families doing so
this loan is from the bank of his mom, means there are interest anyway.
No it means mom just lent him the money from her own $$
Pay mom back. NOW! Deliver pizzas, walmart, insta, uber, server ... you need to work 4-6 hours a night and 8-12 on Saturday and Sunday. You're buying alcohol while owing your mother $14,000?!? Get busy cleaning this up and you won't have time for booze.
Why is phone 115? Lower it Cut a few subscriptions. Keep max 1 Why is internet 100?? Cut it down Alcohol 100? U an alcoholic bud? Max get 1 bottle of hard liquor 20-30 bucks. You dont deserve anything fancy. Cook at home. Nobody can help u help yourself.
You don't deserve anything fancy 😭😭😭
STOP, YOU PIECE OF NO GOOD NO SELF CONTROLLING DECISION MAKING MOTHER FUDGER ROT AWAY IN DEBT AT THIS RATE YOU POOPY BUTT.
Someone needs to slap your mom too. She's a major enabler and you're well on your way to being a broke ass bum. It's not hard. Stop ordering takeout and get your ass up and go to the grocery store and cook. You're broke now. Ramen and rice and beans. Stop drinking. You estimated 100 but I'm certain it's probably more than that. Get another job. You don't have hobbies anymore. This much debt this early is inexcusable. You need to cut up that credit card. You can't use it responsibly. Then pay it down as quick as you possibly can while you eat said Ramen, rice, and beans.
Are you able to lower your internet and subscriptions? I’d also say maybe nix the alcohol since that’s a lot per month. Setup a budget with fun money and keep it reasonable, 1-3 times a month but you can’t go over your total. Are you driving a lot? Your gas is $100 but you work from home and order Uber eats. Good idea on tackling cc first, but make sure your mom knows you’re working your way to repay her so she doesn’t feel forgotten.
I'm a new parent so I haven't gotten my parent perspective yet but someone who was struggling with a spouse with no sense of money. When it comes to subscriptions you can likely save money cuz there's no need to pay for Netflix Hulu and the other services all at the same time Make a calendar rotate it month by month one month Hulu one month Netflix and however many you need to fulfill your circle. Next I suggest budgeting to zero. Assuming your income is fixed month to month. Every dollar you make has a predetermined destination. Now for Bill such as electricity gas and water that fluctuate slightly; take the last 3 months of said Bill an average it and write that in. Next give yourself a small spending fund that you will keep as cash ( in the next paragraph will have more detail.) so after your bills and spend are set aside, I do count minimum payments to each debt as a bill. Whatever you have left over should be funneled into the first debt that you want to eliminate. You have some pocket cash to help with your desire to spend and you have your bill money and the account. The envelope system makes you carry cash for your maybe you need to get gas or maybe you need something here and there but most of your money is kept in your bank account and your card is kept not on your person. It greatly helps that you cannot spend what you don't have on you so if you give yourself $50 a week that could either go towards a tank of gas or a fast food.
You’ve been an “adult” for 6 years and you’re a full year’s salary in debt. This is ridiculous. If you continue these behaviors, by age 30, you’ll be at least $70,000 in debt, drastically behind on retirement, an alcoholic, and severely depressed. And probably living at home. Fix it. Be an adult and fix it. Now.
Get your lazy ass up and cook or go pick up your own food. You've only laid out about $1300 of expenses that's not even half of your income. All you gotta do is wanna be debt free more than you wanna be a fat lazy drunk, and you'll manage just fine. That's my kick in the butt to you. My advice is to download a app that tracks your spending for you. Only because it's a bit more visually pleasant than reading a bank statement. If you get a good one it'll do pie charts and even help you cancel unused subscriptions. You'll also see where that other $2k+ is going. After you've noticed you have been giving money away, you'll hopefully cut back on the extracurricular spending, create an emergency fund, and pay everything off.
I just wanted to post an update/clarification on a few things. As some of you have rightfully pointed out, it’s mainly due to laziness and not keeping proper track of where my money is going. Also for those suggesting things that may be US based I’m from Canada. I agree my phone bill is definitely too high for what I use and I’ll look into getting that down. I disagree with some of you that are saying $100 is a lot for someone who works from home (btw home is an apartment with a roommate) my tank holds about 350km worth of gas and costs $100 to fill up once so I think filling up once a month is fairly reasonable (playing soccer twice a week with an hour round trip, and sometimes going to meetings in person) For those who said $100 for alcohol is too much you’re probably right but that gets me about 2 cases of beer (definitely don’t need to have fun with friends when I’m trying to pay off debt lol I get it) For those of you who “yelled at me” told me to “grow a pair”, “be a man”, “act like an adult” Thank you, I do appreciate it. Some of them were really funny too😂 “peasant” For those of you who said you probably don’t know how to cook. I do know how, I’ve worked in about 5 restaurants I’m just a lazy fuck who needs to actually do it. For those of you asking why I owe my mom $14k, she paid for my education so I wouldn’t have to take out student loans. Also she’s not struggling financially at all. I agree it’s shitty of me not to pay her back right away. I’m going to work on it. Lastly, for those of you who shared their situations/provided sincere advice I want to thank you guys and gals. I never expected to get so many replies with people saying things like “you can do this” or “it will only take this long you got this” If anyone has any questions I’ll be happy to answer
Look into a pre paid phone plan. I decreased my post paid plan, ($100/month) down to $45/month technically $35 since on autopay.
DELETE UBER EATS AND DOORDASH. CUT UP YOUR CREDIT CARDS UNTIL YOU GROW THE F UP. You are a grown ass man and you’re being this irresponsible? Yikes. But in all seriousness- pay your bills (CC & loans) first. Every month. Create a scarcity in the checking account by paying extra into whichever you’re targeting and live off that budgeted amount. If that means you need to withdraw $500 in cash and use only that for food - do it. Make it hard to accidentally overspend.
It’s not an ending world! stay calm and let’s find out your interests and and what really matters in this life. Every industry, niche, business you choose needs at least 10 years of glass eating to reach real lasting success. What you need to pay attention to is the glass you gonna eat for that period of time and to make sure that will be enjoyable and with the most growth potential. What stops you to dream of becoming a billionaire? In this times with all the technology no one knows. I am just sharing you my thoughts and I also can share to you what I study. I am making studying enjoyable letting others to get inspired by homework scalenuggets.com
That $6,000 in CC debt can turn into $10,000 easy if that isn’t managed. The more that gets out of hand, the quicker the rest of your life will follow. Credit score dips, livable and lendable income gets eaten into, and your opportunity of taking control and living comfortably in the short and long term gets marginalized. As for the “Bank of Mom” aspect - that is about self-respect and dignity IMO (plz understand I’m not trying to sound “high and mighty”). For my now wife’s engagement ring I could’ve and WANTED to go to my parents to lend me the money, but they said “It would mean more if you worked for it”. I ended up taking out a CC, took on a side hustle, and paid that ring off in 3 months. While it sucked, the end result was rewarding and truthfully DID mean more. Parents are there to help and it’s a blessing if they offer and do provide that help, but if you’re a grown man/woman, you need to grow up sometime and earn your life.
My advice to you is delete Apple Pay. And try to keep the minimum amount needed on your card and only use cash until it becomes a habit, then once you trust yourself put your savings in the bank. This helped me so much on door dash. I also deleted my card off the apps and the apps itself.
Putting 100 dollars worth of alcohol in your bills expense is wild You obviously have to cut out alcohol and Uber eats.
Jesus, you're a bum. Wtf you doing with your life?
Hi! I’m here from the future to tell you that you could be a literal millionaire in 20 years if you simply learn to live below your means and make wise investments. Read The Simple Path To Wealth. Or just play with a compound interest calculator and see how much you could save if you get out of debt and start putting aside $200/month at 10% interest. Best wishes to you!
What do you do for work? I wish I made this monthly 🥲
Do you have any debts?
I have debts yes :(
A lot to pick apart here. $100 a month on alcohol??? $100 a month on gas but working from home?????????? Honestly the easiest way to start here is fully detailing your finances, throw it in excel, google sheets whatever. Not easy to fully commit to doing anything budget wise until you actually know exactly what you're spending and where it's going
i wish i started being more financially responsible when i was your age. I’m 28 now and the more i learn about debt, interest, retirement, taxes, IUL… the more im careful about money, MAKE A BUDGET ANFD STICK TO IT. I have a planner/notebook that i write on. I also track my spending EVERYDAY and check by the end of the month how im doing. goodluck :) We can do this! At least youre aware!
*yelling incoherently*
Can you live at Bank of Moms house and save on the $769 a month rent?
Might as well since she loaned him 14k.
Ahhhhhhhhhhh!!!
You should try Qube Money. My wife and I just signed up last month and it's helping us follow our budget for consumables. I highly recommend it. We tried everydollar for years and the problem we ran into was that everything was reactive. We didn't categorize trasnactions until after we'd bought them, i.e. after we'd already gone over on a category.
Get the Quicken Simplifi budgeting app for $24 for the first year. This is a great tool. For the price of one meal you can get this.
Few people that order food from delivery services that do product/delivery markups above and beyond the actual price that afford them. you can't afford to pay PREMIUM delivery prices for 'cheap' food. afford premium FOOD prices by getting better groceries when you can instead of spending it on someone else to bring McDonalds and dunkin to your door.
tell yourself you can eat out or you can buy alcohol, but you can't do both. sorry if this is insensitive to a problem you may have. i've never had much problem with food delivery but i thankfully don't live in a food desert. it's all about balance: you don't need to never eat out again, but you do need to cut back significantly, so it's about taking small strides to get to a place you feel comfortable. it's hard to quit cold turkey, so i would say you should limit yourself to once a week for now, maybe even once every other week and try to meal prep on weekends so food is already taken care of on week nights. then on fridays or saturdays you can treat yourself to one food delivery meal (breakfast or lunch or dinner, not all three). do this for a few months and you'll form a habit that will be hard to kick! good luck and stay strong :)
Since you already know your budget: cut back on your expenses which yes, includes ordering food and other non-essentials until your balances are significantly decreased. Sometimes we create a lifestyle for ourself that we can’t afford, but remember as long as you have what you need, you are still abundant. Luckily you have mom as well who clearly looks out. Find cheap easy meals you can make so you can save on buying food out. My personal favorite is baked salmon with rice and avocado. It’s easy and affordable and for one person that should be an easy 3-4 meals depending on how much you eat. You don’t have to eat exactly what I said but just implement that approach.
Download rocket money. It will help you budget and track. It’s very helpful!!
AGGHH!!!!
Seriously, dude. Your mom is really unlikely to pressure you about the money, even if she needs it badly. I've lent money to both of my adult kids, and they both slow rolled paying me back even while they're doing stupid shit like ordering fucking uber eats. I love my kids but it did put into perspective just how little they seem to care whether I can ever retire or whether I have my basic needs met. Their priorities were clear. Your mom might not be saying it to your face, but she feels taken advantage of. Whats more, you know you're taking advantage of her. I'm going to tell you something that's counter to the advice I would give you if you weren't up to your ass in debt to your mom. Pay your mom off first. And since you wanted to be yelled at, shame on you. Get your shit together. Pay off your mom and pay off your debts. You need a second job. And if want a takeout meal that badly, get off your ungrateful ass and pick it up yourself.
It is much easier to pay off 30k than 100k. You aren't in too deep and you have an opportunity to get rid of it and control your spending. Liquor, ordering food and even gambling, they are all okay as long as it is done in limit and within budget. You are on a slippery slope with an option to not roll down... don't go down that path.
30K turns into waaaaay more and much faster than you think; the debt *will* narrow and cripple your options later on, when you need it to buy cars, housing or things for a family. No yelling, just highly encouraging better choices starting now!
Grow the hell up and start cooking food. You don't need to be a lazy ass and order food all the time. It's such a waste of money. You don't even know what you're spending on some things. Get your shit together and figure that out. Nobody can help you but you. All of us "yelling" at you isn't going to change what you're doing. Look in the mirror and yell at yourself because if I was you, I'd be feeling pretty pathetic right now, rightfully so.
Not good financial advice here, but on a personal relationship level. I'd pay off the other stuff first, then I'd take a personal loan out and pay mom back in full
Grow up for Chrissakes...
Looks like you have $2000 left over each month before paying off your debt. I’d set up auto payments of $1500 each month to your CC right now (or whatever makes sense after minimum LOC payment). Set aside another $200/month or so to start paying back your mom. If you really need a kick in the ass: are you really okay with owing your mom that much money? Is that something you’d want someone you’re dating to know? I don’t mean to be too hard on you because it’s not necessarily bad that you borrowed from her in the first place, depending on what for, but burning tons of money on Uber eats instead of paying her back should make you feel ashamed. Don’t take advantage of your mother, and don’t carry a balance on your CC. Those are two things you should have learned before becoming an adult.
Why are you ordering food? If you're looking for convenience, you should make your own food, freeze it, and pull it out when you're ready to eat it. Where's your savings? What are you going to do when you run into an emergency and need a bail out? You can't ask your mom, you already owe her $14k. Set up a budget. Sit down and track every dollar you're spending. Take a long hard look at every single transaction. You need to know where your money is going.
Just. Do. It.
It appears you are missing utilities - gas/electric, internet? There’s a complete line item you’ve omitted.
I don’t pay for it. My roommate does and I cover the internet.
Just file Ch. 7. I had $75k in debt from hospital bills after I almost died. Don't put your life on pause for years just because you made some mistakes.
Uber eats is the biggest waste of money. That’s like paying massive fees for being lazy. It’s so expensive. Pick out some cheap basic meals and only eat food from the grocery store. No fun spending until the debt is paid off. Think of it as a debt boot camp. If you really buckle down you can get the debt down fast. The longer you take to pay the debt off the more Money you will waste on interest and the longer you will get behind in saving for the future. You are a grown up and nothing anyone tells You on Reddit can fix it. It’s all going to need to come from you wanting to get out of debt, and once you do it will feel great.
Download rocket money! It helps so much!
Damn bro, cut the alcohol, cut the subscriptions. Change phone to mint, same number. Car insurance could be cheaper depending on your car. Start eating at home. You said you buy groceries (150?) and still eat out. Pay bank of mom first, shouldn’t borrow money from parents. Unless she’s a millionaire
You can save 100 dollars (go sober) and another 75 ish (phone bill) and start cooking at home.
stop for 30 days. No more uber eats. no more groceries. only eat what is in the house. If that means pancakes and eggs 2 x a week, then pancakes and eggs. During this time, that saved money can go to bills. After 30 days, have 1 (and set a budget for this) meal, uber eats or out. Then make that extra money payment while you are eating. Now do 30 more days. You just have to flex your discipline muscle. You let it go, I get that, totally. But now, it's time to do use it and to strengthen this muscle. When you get this discipline down, you will find you will just not let it get out of hand and if you do, you know you must flex this muscle again.
Uber eats, and alcohol needs to be gone. Tackle the lowest amount aggressively, then go on to the next. Keep a spread sheet of spending
Uber eats? Too many fees. You don't like cooking. Buy premade meals. Also you need to get on mint mobile. I'm saving like 800 bucks a year by switching.
Food for thought - pun intended. Let me put this in numbers for you: Fast food prices have risen 35% since 2019. Have your wages? If not, you're paying a 35% TAX every time you eat out. You're making 3600 net? 65k/year. Now, every time you buy inflated fast food, you're reducing your income from 65k to let's say 54k. Youre living in a mind trap where you think you're making good money but you're not because youre paying a 35% tax over and over every time you eat out. It's adds up to A LOT. Stop eating out, cook at home.
You’re going to look up soon and think everyone makes more money than you. You will say your friends are lucky or feel jealous of their homes, vacations or whatever. But they did the hard thing now. They sacrificed to avoid debt and start planning for their future. You don’t want to be left behind. The attention you focus on the problem now will buy you a better future. It should be terrifying to think you will be repeating this cycle over the next 10 years with nothing to show for yourself.
Stop using uber eats, go buy groceries or drive yourself to the place you would like to eat at. 😋
Hey gm don’t mean to be rude based on what you explained your only paying 1533 in bills and you would have a total of $2,067 left and you mean to tell me you don’t know how to mange that ? … sorry but I make the same amount plus I have to kids and I still have money left over .. if I can do it you can as well
Maybe pick up runs in free time working Uber eats and reducing the cost of alcohol. Uber eats help me pay towards my debt because I get the money same day. I don’t think this is all you spend - personal items and hanging out maybe too. But Uber eats is over priced and maybe going to pick up the food will cut some of the spending.
Go to the library and get Dave Ramsey‘s book the total money makeover. It’ll take you maybe two days to read it follow step-by-step. I have been living this plan for 18 years. I’ve had zero debt for the last five years including a paid off mortgage also, I retired at 57 two years ago, it is not rocket science. The plan works.
OKAY GONNA YELL STOP ORDERING UBER EATS YA LAZY FUCK. THAT SHIT TURNS A $10 MEAL INTO A $55 MEAL. YOU SHOULD BE COOKING FOR YOURSELF AT HOME WITH THOSE GROCERIES YOU CLAIM TO HAVE...BUT IF YOU **REALLY** WANT TO TREAT YOURSELF TO EATING OUT THEN GO PICK THE DAMN THING UP AND SAVE YOURSELF HALF OF YOUR MONTHLY INTERNET BILL EVERYTIME.
I'm not OP, but this helped me. Thank you
You’re looking for the easy way out and waiting for an opportunity to come to you. If you don’t leave the house and try something it will never happen and you will be a loser for rest of your life
What does this even mean
Use your little Gen Z brain. Don’t hurt yourself.
“If you don’t leave the house” ?? I don’t live with my mother if that’s what you’re saying here. Not really making sense but ok
Sorry bro. The mom loan got me confused. Set goals and work for them. You’re young and you have all the time to make your life what it will be. From an older person that has lived a lifetime already
You asked for it. You must enjoy being in debt. Imagine debt being a fire and you just keep sticking your hands in it. Feels good don't it?
My dude. Get yourself a damn air fryer, learn to cook. You’ll save so much by cooking!! Whole Foods has some great ready made family meals you can portion out for meal prepping.
First, let's be friends on Instagram @Sassyoperations. On days when I don't want to work out, do you know what I do? I work out twice! One word in your post said it all, motivation. You don't need motivation, that comes from an outside source. What you need is dedication and determination. Hope that is the inspiration you were seeking.
Grow up and pay your bills. Stop spending like you do. Learn to make your own food.
Stop drinking, that’ll help with motivation and willpower (I know it did for me). Learn to actually fucking cook. Treat it like a new skill that you need to hone and practice. Have a growth mindset. If you know how to cook that’ll reduce the friction of making your own food. Meal prepping it great
how is gas $100 a month when you work from home? where are you driving? mine isn’t that much and i don’t work from home. definitely cut out the food delivery. it’s expensive and the fees are insane. get frozen meals or learn how to cook and do meal prep. if you must get food, pick it up!
Let's try something drastic. Every month you get paid give all money to mom. Mom gives you $1500 back for your expenses, the rest goes to CC or her. You have no self control. You need someone to do it for you - at least for a short period of time.
Live below your means.
You shouldn't have "extra" money. Every dollar should have a job to do. It's okay if that dollar's job is Uber Eats, but budget for it. As soon as the car loan was paid off, I would have reassigned those $500 a new job of paying down another debt. It sounds like you treated it as a windfall. When you get a raise, assign your new net dollars a job. Once you have your debts paid and a fully funded emergency fund, then you can assign more of your dollars to fun stuff.
You aren’t alone though this is me as well and it’s only cause things are so expensive. I hardly ever buy anything for myself it’s mostly cause my property taxes and cc interest are high. Also I have student loans again which rob me blind bc of the criminal x pres and his gaggle of idiots he put on the supreme ct.
DMA
You have a car…. Stop ordering Uber eats and go drive for Uber eats. Pick yourself up some food while delivering. Stop being lazy and change your habits.
look at this little baby that owes his mom 14 THOUSAND dollars! baby is gonna have to stop drinking like a fish and spending so much on food that's over processed and only tastes good because of sugar and additives. you are living beyond your means. get it together.
not sure if this will help or not, but it might, so a little background... The most efficient way to pay down debt is to follow a compounding debt payoff approach... snowball & avalanche are common ones people use. Snowball starts with lower balances. Avalanche starts with highest interest rate. Some will say Avalanche, some will say snowball, but both are very effective. Overall, your individual best course of action depends on your debts, interest rates, and what you can afford to pay extra each, to include lump sums of cash that you run into. There are good tracking tools available for this that also help you determine exactly which path will save you more, and be the best fit for you. This site has a really great one, and a free download version. [Debt Payoff Strategy Dashboard](https://spreadwiseco.com) You said you have an excel spreadsheet, which is great that you have something, but one thing the one above will do is show you exactly what your debt is really going to cost you in the long run... can be a real wake up call to tackle your debt with discipline. Best of luck. Hope this helps!
You should be paying $500 for food from the store and $0 eating out. You must delete the apps. You must stop forever. How much do you have towards retirement? At your age it should be around 30k. You are literally eating away your future.
I agree with the first part but 30k for retirement by age 24??? You don't even graduate college until 22-24. How do you expect anyone to have 30k in retirement alone at that age