What would you tell the 30-year old divorcee with 30k of debt?
89 Comments- Get free updates of new posts here
Just divorced. Not fun.
$30k in debt. Freaking me out.
I have an old 401k that I rolled over from a previous company into Sharebuilder. Value $8,500.
I’m very inclined to withdraw the cash with penalty and pay off a higher interest credit card (13%). I know that mentally and emotionally it will make me feel better to give a big “peace out” to a credit card that I cut up a while ago.
I’m torn and looking for advice. There’s no way I’m making 13% on the money within Sharebuilder.
My financial goals: pay off all debt as soon as possible, and live a simple, cash lifestyle with lots of savings / investment. Looking at all options: cutting back on $tupid crap, selling stuff, and maybe even freelancing to make more money (even though I make $80k+ at my full-time job). If you’re wondering, I have a Simple IRA that I contribute to every month with my current employer.
Any help is appreciated…
Before you answer…
- Remember, there’s often a difference between the best decision and the financially correct decision.
- You can also get huge advantages by pre-paying your debt.
What would you tell Jason? (And watch the comments to see how they differ from your own opinion…that’s the most interesting part.)
Do you know what’s better than memorizing a long list of interview questions you might be asked? Answer: Learning ...Read More
Congratulations! It took a lot of work and preparation, but you landed the interview and separated yourself from the others ...Read More