someone with 5k credit card debt, low income, that is barely staying afloat but

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Jul 31, 2020
12:32:44pm

BYUFootballisBack All-American

someone with 5k credit card debt, low income, that is barely staying afloat but

if that debt was paid off it would "change their life"

giving them some breathing room?

idk

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BYUFootballisBack

Previous username: oddsewer
Bio page: BYUFootballisBack
Joined: Apr 29, 2007
Last login: Apr 29, 2024
Total posts: 14,001 (722 FO)

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Messages

Author

Time

POLL: what is the least amount of money that you would consider "life-changing"?

7/31/20 12:25pm

5k would change the life of a few people?

7/31/20 12:29pm

Perhaps a large unexpected expense they are facing. Like a medical bill.

garyfan

7/31/20 12:32pm

someone with 5k credit card debt, low income, that is barely staying afloat but

BYUFootballisBack

7/31/20 12:32pm

I think $5k would only really be life changing if that’s what it takes to get

VenturaCoug

7/31/20 12:36pm

From my experience people watching, such money gives them a few weeks,

Corn Pop

7/31/20 12:41pm

those people consider that much money "life changing" though, even if they fail

BYUFootballisBack

7/31/20 12:50pm

Uh, someone in poverty?

valleus

7/31/20 12:48pm

It would have changed my life at one point, say when I was about 22.

ReyOso

7/31/20 12:32pm

For most people, it would be an amount of cash necessary to let them become debt

BYUMizzou

7/31/20 12:33pm

great observation. debt is exactly what I think about in terms of life changing

7/31/20 12:35pm

I picked the amount to pay off my mortgage. That would change things for me.

Cru Jones

7/31/20 12:36pm

I think being debt free is the major factor but age and how close you are to

Blue Heart

7/31/20 12:39pm

Ya, and this will vary person to person, and throughout ones life. Early on in

Lifi

7/31/20 12:42pm

25K would be enough to get a down payment on a house

ZacSeljaas'Stache

7/31/20 12:43pm

Can you define life changing? Can taking a trip you wouldn't go on be that?

Coach's Dad

7/31/20 12:47pm

I answered the latter question you asked

webster242

7/31/20 12:58pm

Maybe 250k. Then I could try different career paths with more flexibility.

SLC-Warrior

7/31/20 12:59pm

I'd say whatever the amount is to get yourself out of debt less the mortgage

paulb

7/31/20 1:00pm

Anything above $100k. Allows me to become an investor.

StalwartBraveTrue

7/31/20 2:14pm

IIRC there was an HR study done a few years ago. +$500/month Changes lives

Nat Gas Man

7/31/20 2:42pm

What does an extra $600 a week get you?

rcbyufan

7/31/20 2:54pm

Secure food, housing and safety

Nat Gas Man

7/31/20 3:00pm

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