Podcast Appearances
Hey, guys. How are you?
Hey, guys. How are you?
Hey, guys. How are you?
What's up, brother? Good, good. Say, a question for you. My wife and I are restarting the baby steps, and we currently have about $5,000 in our savings accounts and about $111-ish in debt. $58,000 of that is mortgage. $18,000 of that is credit card. $8,600 is a car. And 27 and a half of that would be a home equity loan.
What's up, brother? Good, good. Say, a question for you. My wife and I are restarting the baby steps, and we currently have about $5,000 in our savings accounts and about $111-ish in debt. $58,000 of that is mortgage. $18,000 of that is credit card. $8,600 is a car. And 27 and a half of that would be a home equity loan.
What's up, brother? Good, good. Say, a question for you. My wife and I are restarting the baby steps, and we currently have about $5,000 in our savings accounts and about $111-ish in debt. $58,000 of that is mortgage. $18,000 of that is credit card. $8,600 is a car. And 27 and a half of that would be a home equity loan.
My question for you is, should I take that savings down to $1,000, use that $4,000 to put towards debt, or how do I go about tackling this?
My question for you is, should I take that savings down to $1,000, use that $4,000 to put towards debt, or how do I go about tackling this?
My question for you is, should I take that savings down to $1,000, use that $4,000 to put towards debt, or how do I go about tackling this?
Smallest balance is the car at $8,600 at 1.99%. Are the credit cards, did you do consolidation on those? It's just one credit card. Long story short, half of that is from some medical bills that insurance didn't want to cover, yada, yada, yada. You know how that goes.
Smallest balance is the car at $8,600 at 1.99%. Are the credit cards, did you do consolidation on those? It's just one credit card. Long story short, half of that is from some medical bills that insurance didn't want to cover, yada, yada, yada. You know how that goes.
Smallest balance is the car at $8,600 at 1.99%. Are the credit cards, did you do consolidation on those? It's just one credit card. Long story short, half of that is from some medical bills that insurance didn't want to cover, yada, yada, yada. You know how that goes.
Correct.
Correct.
Correct.
I think we could probably do that pretty good. My wife and I make $160,000 combined and probably bring home like $110,000. Awesome.
I think we could probably do that pretty good. My wife and I make $160,000 combined and probably bring home like $110,000. Awesome.
I think we could probably do that pretty good. My wife and I make $160,000 combined and probably bring home like $110,000. Awesome.
Well, that's part of it. We'd have to get back to a budget. So honestly, I'm not going to say yes. I'm going to say yes because I want to, right? But we haven't been on a budget. I'll admit that to you guys. We just kind of fell off.
Well, that's part of it. We'd have to get back to a budget. So honestly, I'm not going to say yes. I'm going to say yes because I want to, right? But we haven't been on a budget. I'll admit that to you guys. We just kind of fell off.