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A 29-year-old and his wife have more than $120,000 in debt, and that doesn’t include their mortgage. The couple mostly got into this situation because of credit card debt, and they are taking out personal loans for big expenses.
The 29-year-old isn’t sure how to tackle their debt and turned to Reddit for advice. They also have four kids, which is a great accomplishment, but they have to manage various costs while establishing a path out of debt.
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The couple has $30,000 in credit card debt, which comes to approximately $500 per month in interest. They have four credit cards, and most commenters suggested…