this post was submitted on 17 Nov 2025
81 points (98.8% liked)
Economics
998 readers
2 users here now
founded 2 years ago
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Cutting out Uber Eats, restaurants, and bars goes a long way to paying down debt (groceries are so much cheaper). Even the people in giant holes on Caleb Hammer’s show walk away with a budget to kill their debt.
Credit card debt is fucking murder. The interest is worse than many realize. Murder it so it doesn’t murder you.
Or society dangles every kind of temptation in front of people then wags its finger at them when they partake. Your finance bro mentality is neither helpful or wanted.
Don’t carry credit card debt, the interest eviscerates your finances. It is a fact much of America does not take to heart.
When you've got rent to pay and mouths to feed, and paychecks dont arrive for another week (or more), sometimes it's a necessity. And when emergencies arrive (as happens more and more often) people at this financial level generally dont have the "rainy day" fund to lean on.
This is not exclusively a personal issue, it is mainly a systemic one. Sure, many people could do with some better financial literacy and personal responsibility... but that's nowhere near the epidemic of parasitic opportunists eager to squeeze dry every person they can. The desperate being the easiest to exploit, in most cases.
Absolutely. And then when the bill comes in six weeks, pay the balance.
Credit card use is fine, carrying a balance on credit cards is what eviscerates your finances.
And more bills come in to pay in that six weeks. And mouths still need feed and heads still need roofing.
"Just pay the balance" is great advice... if you actually have the money to do so. Most people in these situations don't. Which is why they're in that position in the first place. Suggesting otherwise is exceedingly out of touch with reality.