Hey guys,
So basically I have been accumulating debt for years and just recently got to the tipping point where income is barely covering debt.. I took out a personal loan and paid off some cards and have transferred what I could from what was left to a 0% C.C. but still struggling.. Only other option I can think of now is possibly some debt relief or reaching into 401k (I have about 60k in 401k).. Maybe I can just keep struggling through how I am for the next few years? Anything I am missing?
Credit Cards - Monthly - 245 - Balance - 6200
Personal Loan - Monthly - 625 - Balance 17000
0% Credit Card - Monthly - 225 - Balance 8000
Student Loan - Monthly 350 - Balance 18500
Monthly Expenses -
Mortage - 1000
Water - 50
Insurance - 100
Power - 100
Car - 350
Total monthly expenses - 3045
Monthly Income (Salary so no OT) - 3250
Submitted September 20, 2018 at 08:09AM by Beginning_Low769 https://ift.tt/2xrSK7F
