Reply to 401K loan to pay credit card debt

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[quote=Anonymous]PP Here.  Also, forgot to add -- I know that this goes without saying, but cut your spending to the absolute bare minimum.  When I was 33, I thought that there was no way I could save any more.  Then, at 34, I had my DD, and voila, I had the money to pay for childcare, even though my childcare costs far exceeded any raise I received that year.  Then, voila, a couple of years later, we had our second child, and somehow, I managed to take a month of unpaid leave.  And, now a few years later (and with very little raises, in fact, a salary cut at one point), we managed to come up with money to buy a new car (our other car was completely paid off so we didn't have a car payment).  So our expenses have increased, but our salary has not increased enough to cover our expenses.  Yet we managed to find the money.  My point is that when you have new expenses, you figure out how to make it work.  So dig deep, there must be ways to cut.  Honestly, for three months, I brought my own lunch to work, stopped buying coffee, stopped going to the car wash (and my kids LOVE it when we wash the car at home), and I now clean our own house (though that might stop, because I'm doing it at midnight and that's crazy).  It saves me several thousand dollars a year.  All of which could go to your credit cards.  [/quote]

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