u/weempwoomp

Here is my current situation: I make 70k (used to make only 45k, which is when my debt was really built) and I put as much as possible into my debt each month but so much is going to interest and it feels like nothing is budging.

I have 21k on a 21% APR card, 1k on a 24% APR card, and 17k left on a previous consolidation loan.

Is it a good idea to do a new consolidation loan to lower my interest payments? I feel like I’m throwing $300+ in the trash every month. If I do that, should I do a larger loan that will cover all of my debt and I only have one higher payment each month? Or should I just cover the cards and have two smaller payments each month? I assume the second option would be less of a hit on my credit score, and I accept that this will be a hit to that, but my consistently high credit usage isn’t exactly doing me any favors.

Please be nice I built a lot of my debt when I assumed I would be sewerslideal enough eventually for it not to be a problem. But now I’m mentally better and facing the consequences of my actions 🙃

I’ve tried spreadsheets and notebooks but I have trouble keeping up with it. If I can do it on my phone in the moment I think I’ll have an easier time. Is there an app where I can enter all of my spending and categorize it? I don’t need something that will link with my bank- if anything I prefer it not to. When I used mint years ago I had the issue that I would go to target and spend x amount on groceries, x amount on clothes, etc and there wasn’t a way to split it up.

TIA!