Search found 5 matches

by Jspeaker
Sat Jun 13, 2020 10:53 am
Forum: Personal Consumer Issues
Topic: Nickeling and diming
Replies: 53
Views: 5568

Re: Nickeling and diming

I think there are a lot of people that need to find some hobbies outside of nickeling and diming every single transaction of their life. Someone had made a thread about overpaying their credit card or utility bill by $0.13....thirteen cents...and wanted to know what they should do with it... at some...
by Jspeaker
Mon Feb 11, 2019 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: 401k loan to pay off debt?
Replies: 45
Views: 3562

Re: 401k loan to pay off debt?

I decided not to take out the 401k loan and have been aggressively paying down the debt. A bonus bigger than expected and cutting almost all unnecessary spending has got me down to 10k total remaining. 8k student loans and 2k auto loan left. Barring no unexpected circumstances, I will have this paid...
by Jspeaker
Sat Jul 07, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: 401k loan to pay off debt?
Replies: 45
Views: 3562

Re: 401k loan to pay off debt?

Up or down in the near term would be an issue though, correct? Advise to not borrow from a 401k usually stems from the thought that the money in your 401k during the life of the loan will be profitable and you now lose out on all the compound interest over the years. But if my loan is a relatively s...
by Jspeaker
Sat Jul 07, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: 401k loan to pay off debt?
Replies: 45
Views: 3562

Re: 401k loan to pay off debt?

My spending habits have changed and I am focused on getting this down to zero. I was at 85k two years ago and now am down to 33k. The bills won't rack back up after it's paid off. The origination/maintenance fees of the loan would be under $100 for the life of the loan. My main question I guess woul...
by Jspeaker
Sat Jul 07, 2018 8:02 am
Forum: Personal Finance (Not Investing)
Topic: 401k loan to pay off debt?
Replies: 45
Views: 3562

401k loan to pay off debt?

I currently have the following debt (33k): 2k at 11% (cc) 3k at 7% (auto) 16k at 6.5% (student loan) 5k at 2% (auto) 7k at 0%, goes to 14% next year. (CC balance transfer) Realistically I can pay off all debt in 2 years if I really try, or 3 years without making sacrifices. Would it be worth taking ...