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this post was submitted on 30 Jul 2025
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Being in credit card debt, and probably going deeper in it if I don't get a job soon, the anxiety of the credit card debt limit being hit in the future is the greatest fear
One thing that I've learned is to use balance transfers. It costs a little up front, but it's cheaper than paying the interest and you can dig yourself out faster
Yeah I'm actually thinking of going this now. I have been sitting on a "pre selected offer" for 21 month 0℅ APR on balance transfers. The fee costs about 2 months of the interest I'm currently paying.
We sort of fucked up and haven't been living very frugally while my income has been variable and no guaranteed due to it being part time contract based. Our rent eats up 2/3 of my partners after tax pay. Right now we are really cutting out the unnecessary stuff to limit how much worse the debt can get. Unfortunately I will have to put this months rent or at least a portion of it on credit.
If I can actually get a full time job, hopefully we can maintain frugality and pay it off quick, maybe consolidate it using some debt agency.
If I can't get a job soon, or if my partner loses her job, we will need to move back in with parents. I'm beyond lucky that we have that option with both sets of parents, but it would still suck
Good luck! Hope it works out for you! My wife and I went a little nuts with credit when we first really moved in together. We didn't have any furniture and we definitely bought some concert tickets on credit we shouldn't have. Long story short, with having to put actual small emergencies on credit (sick cat/car trouble) it took us about six years to dig out from under it. Probably four of those years were us paying the interest rate on the first credit card until she got a really good credit score and we started doing the balance transfer every year and a half. Granted, we were "only" in about $9,000 debt total, but the extra money we were able to throw at it from saving money on the interest made it go away so much faster.
Never gonna make that mistake again. Hopefully it never becomes a necessity. We live very frugally most of the time and splurge once or twice a year on a trip or a concert. Other than that, it's rice and beans and hanging out at home most of the time.