You need a budget.

Feb 9, 2016
11:53:04am

El Jefe Evil Genius

You need a budget.

http://www.youneedabudget.com/

I haven't actually used it, but I've heard good things about it. Mvelopes uses a similar concept, I believe.

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El Jefe

Bio page: El Jefe
Joined: Sep 15, 2001
Last login: Apr 27, 2024
Total posts: 77,060 (25,685 FO)

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Messages

Author

Time

Best way to consolidate debt and get our yewt in order?

jamaicanick

2/9/16 10:27am

Make more spend less. Track ever penny spent. You'll be amazed how

byubyu

2/9/16 10:29am

In addition to this I set up a spread sheet with all my debts and their interest

Ycrazy

2/9/16 10:32am

This is a great site to structure that

Hoosier Cougar

2/9/16 10:39am

Best way is to re-finance your home or use a home equity loan.

WJCougar

2/9/16 10:31am

Read Mister Money Mustache

goldy

2/9/16 10:31am

RE: Best way to consolidate debt and get out yewt in order?

Diablo and Doc

2/9/16 10:33am

As much as people knock it, you should check out Dave Ramsey

KingDave

2/9/16 10:34am

if it's a crippling amount of unsecured debt...bankruptcy might not be a bad

nashty

2/9/16 10:35am

<< Deleted >>

BYUMizzou

2/9/16 10:39am

yes...please seek out someone who is good enough at bankruptcy to exclusively

nashty

2/9/16 10:43am

Sorry to rain on this parade. Debt assumed in a divorce isn't dischargeable in

LaserCoug

2/9/16 11:35am

RE: Sorry to rain on this parade. Debt assumed in a divorce isn't dischargeable

jamaicanick

2/9/16 11:44am

Gotcha. All my debt was assumed in the divorce and unfortunately I have a lot

LaserCoug

2/9/16 11:47am

marital debts created in MSA's are dischargable in Ch13 BK's

nashty

2/9/16 12:46pm

Consolidate high interest (credit card) debt into a lower interest loan

HuskerFan2

2/9/16 10:35am

You're in a tough spot unless you can cut something big out

mudpupper

2/9/16 10:38am

and sometimes the only way to "cut something major out of your life" is to

nashty

2/9/16 10:40am

Pay off smaller, high-interest debts first. Work your way up from there.

Virginia Ute

2/9/16 10:38am

^^^This^^^ Go after your high interest debt first. Then, pay off your car(s)...

BearsandBulls

2/9/16 11:07am

Out of curiosity, Did you discuss finances before you were married?

Mister P

2/9/16 10:39am

RE: Out of curiosity, Did you discuss finances before you were married?

jamaicanick

2/9/16 10:44am

Switch to cash on everything.

Vegas Katbacker

2/9/16 10:40am

If you take on new debt (like an auto loan) to pay off credit card, avoid fees

Wagon

2/9/16 10:51am

One thing that was suggested to me, that I hadn't considered

Cougar Geek

2/9/16 10:55am

Depends on your credit score

donnerstag

2/9/16 10:56am

FPU

Texan

2/9/16 11:02am

Prosper.com or Lending Club could give you lower rates. Lower the rates, pay off

scott715

2/9/16 11:14am

Chase Slate card has a 0% rate on transfered balances for a period of time.

scott715

2/9/16 11:15am

I also took on 50k worth of CC debt in the divorce. In the last 2 years I have

LaserCoug

2/9/16 11:33am

How the hades did you end up with 50k in CC debt?

BearsandBulls

2/9/16 11:36am

All of the ex-wife's tuition for college was on CCs which she was supposed to

LaserCoug

2/9/16 11:40am

How the ruddy heck did you get stuck with all of her college debt?

BearsandBulls

2/9/16 12:11pm

Live comfortably...until you are extradited

Hoosier Cougar

2/9/16 12:24pm

They can try.

BearsandBulls

2/9/16 12:28pm

It was before the divorce was actually filed.

LaserCoug

2/9/16 12:28pm

Holy crap, man. Stories like yours make me want to start stashing secret cash.

BearsandBulls

2/9/16 12:32pm

If you want to make a divorce get really expensive, try hiding cash or

LaserCoug

2/9/16 12:42pm

It only gets expensive if they find it.

BearsandBulls

2/9/16 12:57pm

Or if she suspects

LaserCoug

2/9/16 12:57pm

Even if she suspected...it wouldn't be in an account.

BearsandBulls

2/9/16 1:11pm

It's not the taking of funds that is expensive, it's paying to fight over it

LaserCoug

2/9/16 1:15pm

It's true she will only benefit from her education going forward, but

Hoosier Cougar

2/9/16 12:42pm

It actually has a few benefits for me. The fact that she is done with her

LaserCoug

2/9/16 12:53pm

Those are a lot of assumptions that may or may not apply to LaserCoug.

BearsandBulls

2/9/16 1:10pm

You need a budget.

El Jefe

2/9/16 11:53am

Consumer loan from a local credit union to consolidate your debt in a low intere

BYU Grounds

2/9/16 3:24pm

I have always found them tempting. If you could get the teaser rate they

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