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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: It's time. Date:  1/21/2019  12:33 PM
Author:  YewGuise Number:  312361 of 312988

...along with posting your spending analysis (per YewGuise's post), ... post your debts, interest rates, minimum monthly payments, and the income you have to pay the debts down...

I think we're moving toward "please just give us the whole picture." If you were to visit a good financial planner, the first thing they'd do is ask: What are your
1. Goals (short term and long term)
2. Cash flow (money in, money out)
3. Assets and liabilities (house, car,...; mortgage, cc debt)

I apologize for jumping to step 2. I see, from the LBYM board, that you have at least 2 children, one successfully launched and the other a H.S. senior faced with a college decision. Looks like your immediate goal is to point your H.S. senior toward a college that will maximize his chances of long term success.
But yeah, the Goals part of the picture is critical, and drives the whole process. (For example, why do you want to pay off cc debt? "Just because" is not as motivating as "So I can retire at 66 instead of 72" or "So I can stay in my own home and not have to move into my grown children's basement.")
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