I'm debt freeeeeeeeeeeeee!
Yes,you are correct-that's what I meant! Been doing the "snowball" for over 5 years. We have been debt free for exactly 1 year. Our last debt was are van,we paid the last of it with income tax return. Boy it was nice getting that title in the mail-free and clear! Sorry for the previous mistake YellowColored.
Yes,you are correct-that's what I meant! Been doing the "snowball" for over 5 years. We have been debt free for exactly 1 year. Our last debt was are van,we paid the last of it with income tax return. Boy it was nice getting that title in the mail-free and clear! Sorry for the previous mistake YellowColored.
I probably wouldn't touch the 401k. If you are trying to stay out of financial trouble by borrowing against it,you could inadvertenly set yourself up for big time problems. Meaning ,it would be hard to pay something back in 60 days with no job. To me it is taboo. Start by paying off one card at a time,highest amount to lowest amount. The other cards just pay minimum. Kill one at a time and you start having more money to throw at the other cards. What do you have to lose? If you lose job,you can at least work something out with th banks. IRS-no way,like the commercial says,"It's my money and I want it now!" Just trying to help. 
