Ah, that makes sense! Sneaky update from the person who posted.
It’s $1,500 a month, $750 biweekly.
Why phrase it like that? Just list everything as monthly. Your income is $6K/month and your expenses are $3,910/month. Pay $800 to $1,000 a month toward the credit card until it’s gone.
No, it’s $750 biweekly, so $1,500 a month.
Why not just list everything as monthly? It makes things easier to follow.
Seriously, why make it so confusing?
You need to sell that truck.
Here’s the breakdown:
1500 + 800 + 210 + 500 + 600 + 300 = $3,910
Monthly income minus expenses: $6000 - 3910 = 2090
It’ll take about 5 months to pay off your credit card with your current pay.
If you want to do it faster, either increase your income or reduce your expenses. Work more, sell stuff, cut costs—it’s that simple.
That $6K is before taxes though.
No, it’s $6K after taxes, and that’s if I miss some days or have a bad paycheck.
Have you thought about opening a balance transfer credit card? You could move the balance there for a lower interest rate, and many offer 0% for 10 to 12 months. It could save you some money.
Can you pick up a second job or work weekends for a while?
Not sure if this works in Canada, but I’ve started donating plasma, and it’s helped me save and pay off my credit cards.
Here’s the math:
Expenses: $3,910
Income: $6,000
You have $2,090 left, so you could pay it off in 5 months if you use that extra money.