Posted by Cole on October 07, 2003 at 14:41:01:
Hehe… we aren’t wanting a TV that rivals the size of my car… just to reinvest in more MHs, and pay off credit cards. We’re on a self-imposed “Rapid Debt Repayment Plan”, with the help of Mary Hunt’s Cheapskate Monthly newsletter/website. Unfortunately, with DH having lost his job in Feb and starting a new one in April, our savings are down, bills are up, and income is slightly down. We haven’t touched the 401(k), but I’m willing to do it for the right deal.
I think if we manage the finances right, we can take out some money for a couple of deals, and pay the 401(k) back, and use any excess to split between the credit cards and future deals.
Having credit cards since I was 18 (fresh and dumb) in college, with the number of bankruptcies and foreclosures on the rise, I have no clue why personal finance/debt prevention is not a mandatory class in high school.