I've got 3 kids and wife stays at home. Credit card debt is getting out of control due to our rent going up $500 after renewing the lease. Getting to a breaking point. Sell some Bitcoin or stop making payments on a few credit cards?
Am I the only one in this kind of situation.. we don't buy any junk. Only things we absolutely need..
I would tackle your dept as hard as possible.
Use the avalanche method.
Once dept is dead, turn the money you would be spending on your now paid off debt into SATs.
https://www.forbes.com/advisor/debt-relief/debt-avalanche-method-how-it-works/
Great method I think! I am trying to do this now but seriously can't handle any more price increases or costs. Very uncertain about the future. Inflation may force my hand and take my Bitcoin! I'd love to be homeless and have Bitcoin but I have a family I can't put on the street.
Family before bitcoin :)
