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There are very few people in America who can pay off a $6,500 credit card bill the same month. $6,500 a month is $78,000 a year and that's before taxes. After
by jdsully 7y ago
There are very few people in America who can pay off a $6,500 credit card bill the same month. $6,500 a month is $78,000 a year and that's before taxes.
After rent, 401k, and taxes you'd need to be making $200,000 a year to make that practical. Well over the 90th percentile of income.
- deleted 7y ago[deleted]
- hkai 7y agoSmall correction, it's not a monthly amount but rather the statement amount of last month plus this month's spending, so I'd reduce that number by roughly 25%. I don't argue with your other points.