I’m 24 and have $76k in debt. It’s made up of a personal loan, student loan, auto loan, and credit card debt. I earn $45k a year, and I feel like I’m stuck. I’ve been trying to manage monthly payments, but it feels impossible. Any advice on how to tackle this?
People recommending bankruptcy without knowing your loan details are jumping the gun. Can you share how much you owe for each type and the interest rates? That’ll help with better advice.
Linden said:
People recommending bankruptcy without knowing your loan details are jumping the gun. Can you share how much you owe for each type and the interest rates? That’ll help with better advice.
Totally agree. Some debt like student loans or car payments can be manageable, but credit card debt can snowball fast. Let us know the breakdown!
@Phoenix
OP shared the numbers with me, and it’s not as bad as it could be. I won’t share them here without permission, but y’all can chill with the bankruptcy advice.
Linden said:
People recommending bankruptcy without knowing your loan details are jumping the gun. Can you share how much you owe for each type and the interest rates? That’ll help with better advice.
Bankruptcy train, choo choo! 
Linden said:
People recommending bankruptcy without knowing your loan details are jumping the gun. Can you share how much you owe for each type and the interest rates? That’ll help with better advice.
Valid point.
You’re not alone in this. Just focus on paying what you can. It’s a long process, but every little bit helps. Cut costs, avoid unnecessary spending, and stick to the basics. It’s hard, but you’ll develop good habits for the future.
@Ellis
Deleted comment… maybe someone wanted to say it’s about creating a budget and sticking to it.
Skyler said:
@Ellis
Deleted comment… maybe someone wanted to say it’s about creating a budget and sticking to it.
Using cash helps you think about how much you’re spending. It’s not just about avoiding credit—it’s about budgeting better. Track your spending, allocate money wisely, and stick to it. It’s all about controlling habits.
Can you break down how much you owe for each type of debt? The advice will vary a lot depending on the loan type.
Willow said:
Can you break down how much you owe for each type of debt? The advice will vary a lot depending on the loan type.
Yes! Knowing the type and amounts makes a big difference.
Don’t stress over the student or car loans—they’ll take time. Focus on credit cards first. Pay as much as you can on those while cutting any extra spending.
Skyler said:
Don’t stress over the student or car loans—they’ll take time. Focus on credit cards first. Pay as much as you can on those while cutting any extra spending.
Credit cards can be a trap. Even if you get points, one missed payment can cost way more than those perks.
@Ellis
Actually, around 50% of people carry no balance. But yeah, it’s tough for most folks.
Skyler said:
Don’t stress over the student or car loans—they’ll take time. Focus on credit cards first. Pay as much as you can on those while cutting any extra spending.
Should I focus on the personal loan, too? That one’s really hurting me.
@Dalen
Start with the credit card if its interest is higher. Don’t miss payments on the personal loan, though.
Skyler said:
@Dalen
Start with the credit card if its interest is higher. Don’t miss payments on the personal loan, though.
Got it. I only have $2,000 on the credit card, so I’ll tackle that first.
I’ve got $103k and make $65k a year. I’ve been DoorDashing and cutting expenses, and it’s working slowly. Call your creditors—sometimes they’ll lower rates if you explain your situation. You’ve got this!
@Morgan
Deleted… maybe they wanted to say that sticking to your plan is key.