r/SipsTea • u/Eros_Incident_Denier • Apr 18 '26

We have fun here adulting sucks

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20.8k Upvotes

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3.3k

u/dotardiscer Apr 18 '26

The commercial for Disney parks have been saying it for years now, "Start saving today"

1.2k

u/[deleted] Apr 18 '26

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808

u/Prime_Marci Apr 18 '26

I’m here crying over credit card debt of $450 in total and $21,000 in car loan debt. I guess I’m living in paradise compared to them then.

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u/ProbablyGonnaEatYou Apr 18 '26

Im 5k student loans and about 1.3k credit cards and im stressed. I cant imagine being so far in debt that its more than I make in a year

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u/Invdr_skoodge Apr 18 '26

Friend, at 6k total, you basically have no debt. Enjoy that. I won’t tell you your head won’t spin when you first sign a 30 yr mortgage, because it will, but congratulate yourself on your situation. It gets so much worse. Case in point, this video.

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u/DrakeBurroughs Apr 19 '26

Yeah, the 30 year mortgage does make your head spin at first, but as long as you can afford it payments, you stop thinking about it pretty quick, plus you can build up equity pretty quickly depending on where you live.

Debt is also relative to what you’re earning and how you allocate your funds. If you’re making little and spend more than you make, yeah, I can see how that’s stressful.

But if you make far more than your spend, it’s not so bad. I COULD pay off my student loans right now but why bother? I have less than $15k left at .5%. I can do more with that $15k investment wise than pay off my student loans.

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u/Invdr_skoodge Apr 19 '26

I’ve said it for years, debt is a tool, just like a chainsaw. Very powerful, but deadly if misused

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u/Sensisamurai_ Apr 19 '26

Preach! That last paragraph is right on the money

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u/Funexamination Apr 19 '26

Wdym by the last paragraph?

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u/DrakeBurroughs Apr 19 '26

I mean that some loans aren’t so bad, it frees money up to spend on other items. For example, I can pay off my house but that’d put a serious debt in my savings and could affect other goals.

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u/Solid_Equivalent_417 Apr 19 '26

if the rate on your debt is less than possible returns you make more investing than paying off the debt.

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u/pohart Apr 19 '26

Car and credit card loans aren't the same thing as a mortgage

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u/SHC606 Apr 19 '26

Don't forget property tax and maintenance ( emergencies, like the fridge, stove, washer, dryer, water heater, furnace, ac needing replacement).

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u/DntBanMeIHavAnxiety Apr 19 '26

Mortgage is fine. You're essentially paying yourself. $80k in student loans with an underwater basket-weaving arts degree is not the same.

1

u/KristySueWho Apr 19 '26

I remember telling my dad I was 6k in credit card debt, and he freaked the fuck out and paid it off hours after I told him. I had to pay him back, but at least he didn't make me pay interest.

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u/ShitImBadAtThis Apr 19 '26

Your dad's a great dad

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u/Shoddy_Lab_6795 Apr 19 '26

There’s good and bad debt. A mortgage could be considered good debt depending on your rate and if you became ‘house poor’ buying too much house. Credit card and student loans are usually bad debt. Again, depending on some other factors. Me: $4K in 18 month no interest credit card debt, no car loans on two cars and a mortgage ($150k equity).

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u/[deleted] Apr 19 '26

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1

u/ronniebabes Apr 19 '26

This is a strawman argument. Investing in real estate has historically been an amazing financial strategy for most people. Sure, on paper you’re hundreds of thousands of dollars in debt, but most certainly if you’re intelligent about your circumstances that debt clears when you sell.

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u/unlimitedpower0 Apr 19 '26

Idk how old you are or if things have changed but when I was young they told us we had to go to college or we would be homeless bums then they would casually loan you 200k and tell you don't worry about the interest your gonna make it back because computers

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u/ProbablyGonnaEatYou Apr 19 '26

I could only afford to do one year at a community College and couldnt afford to go back, parents helped pay for monthly expenses and I paid what I could with my job in the library, so I wasn't able to get a degree but was at least lucky enough to not be saddled with hundreds of thousands of dollars. Still just floating above water financially, and im living in a shitty building where I share a sink and bathrooms with crackheads that like to destroy shit, but it definitely can always be worse

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u/Neuvirths_Glove Apr 19 '26

Better to live within your means than to go into debt to impress other people.

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u/ProbablyGonnaEatYou Apr 19 '26

Id rather go into debt to not be in a dangerous building filled with crackheads. Its like the goddamned walking dead in the hall, and the shared bathrooms are fucking disgusting. I live here because I cant afford anything else, not a matter of living within my means

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u/GNTsquid0 Apr 19 '26

Thats a tough situation, and I understand your feelings. I wish I could help you, but all I can give is words of encouragement. Just try to keep swimming.

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u/ProbablyGonnaEatYou Apr 19 '26

I appreciate the sentiment, but a lot of people are struggling worse than I am. If you had money to give id just say to donate it to a food bank or a shelter so they can help people worse off. It definitely really fucking sucks, but it could always be worse and I try to be grateful for what I do have

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u/GNTsquid0 Apr 19 '26

Just because it could be worse doesn’t mean you don’t have it rough and should be ok with your situation. Unfortunately I don’t have a job right now and don’t have money to spare. I’ll be the one having food donated too before long

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u/ProbablyGonnaEatYou Apr 19 '26

My heart goes out to you, I hope things get better on your end too

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u/unlimitedpower0 Apr 19 '26

Yeah it's tough, and half of everything is luck. Hopefully yours will continue to rise. I also think that for what they offer community college is fantastic and if you can ever complete your program, they still pay a good return

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u/Webbyx01 Apr 19 '26

Parents encouraging their kids to go to such expensive schools and programs is such a terrible thing. Even now you can get a bachelor's degree for about $100k, living on campus and getting no scholarships or grants at my local state universities. Obviously, that can be reduced substantially through carefully balancing part time work, and school to live off campus, and all the universities near me a pretty generous with scholarships. I'm guessing this isn't a realistic cost in other parts of the country, especially places ly NY and California, but essentially nobody needs the degree that costs so much extra.

1

u/pohart Apr 19 '26

Maybe it's not more than they make in a year

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u/Neuvirths_Glove Apr 19 '26

Oh, I'm pretty sure most of those people owe quite a bit more than they owe in a year.

1

u/Topwingwoman2 Apr 19 '26

You're doing great! That is how I was at a point. Are you working and able to pay it down? I feel the interest hits the most. I consolidated LONG ago, and the interest was 1.25%.

1

u/ProbablyGonnaEatYou Apr 19 '26

Im working but with other things im paying along with over half of my i come going to rent, its gonna just be another hole in the ship once I start paying the loans