“We have no savings or emergency box”

The presence of debts makes it difficult to save money, investing in retirement accounts, and feeling satisfied with your long -term money. That is why attacking large debts early is a great step, but the longer the waiting period, the more time it must be doubled.

Reddit (NYSE: NYSE: NYSE:red) To get advice on Dion processing of $ 83,000. He is only 30 years old, so he has time, but it may get worse if he is not financially disciplined. He is married, and the couple brings $ 160,000 a year. They also have two young children.

“We have no savings or emergency box,” the husband said.

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The couple pays 2,497 dollars per month for rent and has a car loan of $ 29,000. The remaining $ 54,000 on their credit cards. The couple owns $ 70,000 in their retirement accounts and adheres to more contributions when out of debt.

Many Redditors jumped in the comments and shared their suggestions.

The highest comment from Redditor, which encouraged the original poster to stop thinking about what could have been done differently and start focusing on how to change the situation. This thought appeared because the original poster mentioned that he felt that he was behind the place where it should be.

Some people are younger and richer than you, but this does not affect your money. You can feel satisfied with other people who reach their financial goals of younger ages without feeling bad about your progress. Getting your mind properly is an essential part of the debt and building a large nest egg. Technically, the couple still have time because they are in the early thirties.

“Don’t let another person make you feel uncomfortable to believe your private ship,” the commentator concluded his ideas. The couple will not have to retire for a few decades. This is enough time to get out of $ 83,000 debt, buy a house, and constantly contribute to your retirement accounts.

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Many Redditors encouraged the 30 -year -old to process credit card debts first. These financial products are famous for the high APRS. Fortunately, the husband knows that he made errors in his twenties, such as collecting credit card debts and setting the minimum payment. This means that it is less likely to make similar mistakes as it goes on the road until it becomes debt -free.