From Yahoo Finance: 2025-05-23 12:02:00

A 35-year-old man is seeking advice on how to pay off $21,000 in credit card debt split across three cards with a $700 minimum payment each month. Suggestions from Reddit include using the debt snowball or avalanche method, focusing on the highest interest rate card, and potentially getting a second job to increase income.

The man only has $5,000 in savings and nets $1,000 per month after expenses. Putting the $5,000 towards one credit card balance instead of spreading it across all three could help pay off the debt faster. Selling clutter around the house and cutting unnecessary expenses could also provide extra cash.

Considering a second job or side hustle may be the best option to tackle credit card debt and preserve retirement savings. Eliminating unnecessary subscriptions, selling items for extra cash, and reviewing past spending habits can help increase income and pay off debts faster. It’s important to consider all options to improve financial health.



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