FinanceDebt
#RI-6ab0b04e·7 months ago·
1
“Use 401k to pay credit cards”
What Actually Happened
Got stuck in revolving credit card debt for 10 years
What I wish I knew
"Considered alternatives before using 401k"
Advice to Someone Facing This Now
If I could tell you one thing
"Create a budget and avoid using credit cards"
Regret Index
8/10
Clear regret.
The downsides outweighed what was gained.
The downsides outweighed what was gained.
Advice for Someone Facing This
Short, upvotable wisdom. The most helpful rises to the top.
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Finance Category
2,949
Finance decisions logged. Avg regret 4.9/10 across the category.
Same Outcome Band
36%
of Finance decisions land in the severe band the same as this one.
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