I cashed out ten grand of my retirement. I put $1000 into savings to pay that pesky 10% penalty for early withdrawal. I paid off the folks at Discover Card, Household Bank (which I had slowly allowed to creep back up), and my little Chase card. I also paid $1000 on my American Express Blue card (cutting that balance in half), and $100 on my regular Amex card. That left me $350, which is going towards my ambulance bill.
My dad suggested I put some money into savings. But I decided that I would pay more in interest on my cards than I'd get on my savings.
I also increased my retirement contribution so I can pay myself back faster. All I have to do now is to be good, and pay off the last couple of cards promptly.
posted by hiikeeba at
9:32 PM
3 Comments:
I live debt free, and it's the best! Be diligent and get those other cards paid off! You'll feel so free!
We have the same idea, only trouble is, Fidelity said we could have our money in 2 weeks. My husband's company says it's gonna be 90 days. Sigh...Three months could finish us off.
That's intersting. I use Fidelity as well, and it only took a week to get the money.
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