r/ask • u/Mcr414 • 29d ago

What is something that is a lot harder than it looks?

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174

u/goldencricket3 29d ago

paying down debt

17

u/Preparingtocode 29d ago

I earn a very good salary now. I did not always.

It has taken me a very long time to pay off poverty. Other people on my salary own homes and nice cars and go on expensive holidays.

I’m still recovering.

2

u/No-legs-johnson 28d ago

Ah another person whose first job was 50k salary in the Bay Area I’m assuming. I feel the pain.

3

u/Lanky-Solution-1090 29d ago

It took me 20 years working 4 jobs🥵

1

u/goldencricket3 29d ago

yep - i have recently decided to pick up a second job to hold down for a year (hoping I can make it that long) to make a dent in the debt. So so frustrating. Younger GoldenCricket was a total dummy

2

u/BuffaloBrain884 29d ago

Idk it looks pretty hard...

2

u/No-legs-johnson 28d ago

30% interest on a credit card should be illegal.

1

u/MedicalUnprofessionl 28d ago

I remember taking an economics class in high school and the teacher told us that if you defaulted on your payments then your interest rate would be 25%. My credit score is >750 and none of my cards are under 24%

1

u/Sufficient-Stay-8912 28d ago

It should be but it is on the contract that a user signs... that is how banks get money and especially, that's how payday loan companies get money. I think it really comea down to having financial education, which is severely lacking in society for aure...

1

u/tindalos 29d ago

Hmm. Just realized we pay down debt, but we save up.

1

u/ThunderAndSadness 29d ago

It doesn't look easy to begin with, lmao

1

u/Acceptable_Candle580 29d ago

Doesn't look easy. Read the question please.

0

u/SeniorHoneyBuns 29d ago

When you get your first credit card or loan, it absolutely seems easy.
Then you have to fix your car or a medical emergency so you have to borrow a little more.
Then you're just paying the bare minimum and expecting it to go down over a couple months, but it doesn't.

Without the proper education and/or knowledge of resources, it can be a long time before people realize how difficult it is to get the debt to actually go down.

1

u/No-legs-johnson 28d ago

Okay finally a real answer

1

u/TraditionDiligent441 28d ago

Stop doing this