financialdebt
#RI-6a0ea05c·6 months ago·
1
“Used credit cards and loans for necessities and compulsive shopping.”
What Actually Happened
My income as a bartender fluctuates, so I relied on high-interest credit cards and loans to get by and for compulsive shopping. Now I'm a single mom drowning in over $35,000 of debt and feel like I've failed my kids.
What I wish I knew
"I wish I had understood how quickly high-interest debt would spiral out of control and found healthier coping mechanisms than spending."
Advice to Someone Facing This Now
If I could tell you one thing
"Avoid using high-APR credit for non-essentials, especially with an unstable income, and seek help for compulsive spending habits."
Regret Index
10/10
High, persistent regret.
Has not decreased significantly with time.
Has not decreased significantly with time.
Advice for Someone Facing This
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financial Category
1,609
financial decisions logged. Avg regret 5.4/10 across the category.
Same Outcome Band
43%
of financial decisions land in the severe band the same as this one.
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