My husband and I have some pretty high debt on our credit cards and as he is self employed the economy has taken its toll on his income.
As an educator I have a 403(b) with enough money in it to PAY OFF the credit cards completely. While it is not an ideal situation by ant means, it will take the burden off of one paycheck going completely to paying off just the minimum due each month on those credit cards, and never seeing our way clear of the debt. It will save us over $800.00 a month which we can then put into savings. Is this a good idea or not?
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