Ok, I have a HUGE credit card bill…like, 15k. i have only one credit card, so this is it. i take home about 2,600. i have a home, i have been investing for 3 years in my Roth IRA and 403b.
so far i have put my car up for sale for a less expensive car, that will make my payment about 1/2. i’ve also cancelled my retirement contributions for this year (i know that’s bad but that’s my motivation…to get back on track and contributing again ASAP) and i have taken a roomate who will may about 1/3 of my mortgage and 1/2 the bills.
i’ll have about 1,100 a month after i’ve covered all my bills. but obviously i have to buy food and gas. i’ve already informed friends to NOT ask me out for dinner, etc… and i don’t need any clothes for work or anything.
i feel like i’ve done all that i can as far as freeing up my income to start attacking this bill…..yet it’s not enough!!! i’ll still be doing this for maybe 2 years…but i need to get it done THIS YEAR.
maybe…..can i get the money out of my roth? i know that goes against everything they tell you…but i was just thinking that’s the only other bit of money i have! is that even possible? and there is no reason a debt management agency would help me…i have money to pay, and my interest rate is already like 13%, i don’t miss payments…they don’t have any reason to cut me a break.
thanks for all the earnest advice…i really appreciate it. the reason for paying it off within the year is that my boyfriend and i would like to get married within the year, and i don’t want him responsible for my financial issues. i’d like for us to have the option of moving, without being tied down by debt and monthly obligations.
