$45K in credit card and auto debt - what’s my plan?
I owe $13,787 on a credit card that has 0% interest through August 2026 - minimum payments are $295 but I’m making $500 payments, goal is to roll over any remaining balance by August to another interest-free balance transfer card and repeat until it’s wiped.
I also owe $30,088 on my car loan - 5.99%, I’m making the $500 minimum payment. Maturity date as of today is March 2032.
$3,200 in HYSA emergency fund w/ a $100 auto transfer each month.
What’s my plan of action?
Do I bump my credit card payments down to the minimum and pay $200 more towards my car each month to bring down the principal? Should I only do that if I can continue paying interest-free on my credit card through another balance transfer card? Do I stop adding to my HYSA and dump that $100 towards the car, making $800 monthly payments?
(Please be kind - getting to this point has me filled with shame and posting here has me feeling very vulnerable 🥲)