FinancialDebt
#RI-6ab0b04e·6 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.
No advice yet. Be the first to share wisdom.
Financial Category
12
Financial decisions logged. Avg regret 6.3/10 across the category.
Same Outcome Band
58%
of Financial decisions land in the severe band the same as this one.
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