Please help us figure out smartest move to get out of debt
We are struggling. We have high rent and child care and those are non negotiables right now. So don’t even suggest those as it’s not feasible at the moment.
We are going to really try to reel in our extra spending - subscriptions, meals out, etc.
We have about 15K of credit card debt. We are very depleted on our cash. We have a HYSA with $1600.
I have 15K in an old 401K from a previous job. $200,000+ in my 403B. And I also get a pension for work.
I make about 175K a year. Husband ebbs and flows with his income as he is in freelancing. But usually makes 130K.
My take home pay is about 3300-4,000 biweekly. Lots of it goes to bills (child care and rent) so it’s hard to get the debt down and still have the cash we need for bills.
What would you do?
Take penalties and just throw some of the 401K to the debt, take a small loan, put the debt on a no interest card for a little and just try our best to get it down??
We are early mid 30s for reference.