/biz/ - Business & Finance

>>19047978
Fauci is unbelievably based holy shit.

quite

Happy Birthday fren

>>12474615
I want a song, wagie.

So my boyfriend of two years and I have been talking about getting a house together. We moved forward and I contacted a mortgage guy who pulled out credit. Turns out my boyfriend has 30k total debt which hampers or house options somewhat. My initial reaction has been sorta "holy shit dude did you not think of telling me about this before?" But I want to actually try to help us figure this out.

He always spent freely which I (poorly) assumed meant he had little to know financial worries, and we never really had seriously discussed our finances prior (a mistake, I know). He actually makes a little more money than me, around 38k.

His debt:

Amex: $12,500 - min pay: $320
Bank credit card: $1,500 - min pay: $25
Car loan: $9,300 - min pay: $320
Student loan: $7,600 - min pay: $340

He has about $8,000 cash saved. He has been living with his parents so no rent.

What's the best way to approach working on this? Should all the cash go to the Amex since that's going to be highest interest and a big minimum pay, or would it be better to do the bank card completely, or student loan even though that will be a lower interest rate?

I also don't know what to do with myself about housing and him, but that might be more of a r/relationships question. I don't know if he should really move out and have an additional expense of rent/mortgage when he should be focusing on paying this down. I have a decent amount of free cash I could contribute but that's kind of a scary route to go down, lending money to him.

Tl;Dr - Boyfriend has 30k of debt what's the best way to start paying this off?

>>12406133
here's to making it, anon. welcome to the ground floor. We finally got here.