Side Hustle That Gets Me Out of Debt

[Kenneth Butler]

I’m recently married and I’m living in military housing. My wife is in the Army so we do not have to pay for housing expenses. I do security work and make about 31k a year. With getting a new house we did have to buy furniture which I maxed out my credit card paying 5k for it. With maxing out my credit has tanked. Also, I have a couple other credit cards. So, in total I’m about 7k in debt. I’m trying to get out of debt within the next 6 months. Anyone have any tips or advice on side hustles or tips on repairing credit so I can save for investing?

[Dimitri Paspalaris]

@Kenneth Butler 

I lived out on the island a couple of years ago when I started my military career. I would highly recommend moving out of military housing to bank on your wife's BAH. I take it your wife works at Schofield barracks. I think this the best option with minimal work. For example,  When I lived off base I was pocketing $1000 a month extra due to living in a place where I made a $1000 from BAH.  My apartment was $1800 and my BAH allotment was $2800 so the difference was a $1000. I took this money and used it to pay off my student debt of roughly $32000. Military housing takes all of your BAH away.  I would also only buy groceries at the commissary. You save so much more money.  In addition, your wife should be getting cola every month which is roughly another $500 but maybe different due to your wife's rank. It is tax free. BAH is also tax free. I don't think you need to get a side hustle going but just need to change some of the ways to spend money. Yal can do it.  Enjoy the island life and let me know if you have any other questions.