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| Topic | I have $56000 in Credit Card debt and about $69000 in 401K savings |
| 2Pacavelli 05/07/24 12:41:25 PM #5: | bigblu89 posted... How old are you? 31 pinky0926 posted... Have you calculated the interest you'd pay if you made a repayment plan and paid it off over time? Knowing how much extra you'd fork out and comparing that to whatever you might earn in savings interest should help. I haven't calculated exactly, however if I don't have any income at the moment and the debt keeps ballooning, I figure I'd be better off just paying it all off. Locking down all the cards so that I don't use them. Then working out my day to day expenses on potential unemployment that should be coming through soon and any other means I can scratch for myself ... Copied to Clipboard! |
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