David Auten and John Schneider, husbands who say they love eating out and going to live shows, at one time learned they had been going through $51,000 in credit-card debt.
“We realized that for the past few years, we were spending beyond our means to make ourselves feel better, in part, to make up for being bullied and picked on for being gay when we were younger,” they mentioned.
“We were living naively and unconsciously and doing it all on credit.”
They had been monetary execs. Auten began out in mutual price range, then labored in advisory and as a 401(okay) record-keeper, and Schneider began out in brokerage, then moved directly to advisory. But they had been dealing with their cash like amateurs.
Their spending wanted a makeover — or as they name it, a “fabulous comeback.”
They consolidated their credit-card debt onto zero%-rate playing cards. They reduce their meals spending, from $400 every week to $150, on groceries. They stopped going out as a lot and began discovering loose and inexpensive issues to do with pals of their spare time.
Now, they run a website online referred to as “The Debt Free Guys” and host a podcast, “Queer Money,” to percentage what they’ve discovered alongside the best way.
MarketWatch will interview them on video Aug. 17, and now is your probability to invite them any question you will have about your personal cash.
Are you in debt?
Are you a member of the LGBT group experiencing monetary demanding situations?
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