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Reply to "Make $200k, credit card debt, no savings "
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[quote=Anonymous]Don’t even think about savings outside of your 401k match before you payoff your 30%+ interest credit cards. No kind of savings can earn you a guaranteed return of 30%. Let your husband enjoy his cigars but get him to do 401k match. If it is 1 for 1 match it is 100% return on your investment. You get the idea. Husbands 401k - 100 return, pay down cc - 30. Then you can think about other things which would be in 5-10 percent return range. [/quote]
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