Relax.

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The money pressure is...off.

Decided to stop paying 24% interest every month on my hard-to-kill CC debt and took out a loan against my 401k at 8.5%. Will pay off the card this month and still have a little extra to put toward the Vegas cash fund. 

I will pay back the loan via payroll deductions (painless) over 4 years and all the interest goes back into my 401k account, so essentially I'm paying myself the interest instead of some bank in Omaha. With this I can get back to living within the means on the CC, paying it off every month and in the long run saving money lost to ridiculous CC interest.

So the $2K I'm banking here for cash, along with the work bonus coming in early December knocks the Vegas cash save dead. Won't have to scrimp too much or get creative over the next month to make the save number, as I was going to have to otherwise. Also won't have to murder the CC in town as I'll have a full $1K per day (or maybe a little more) while there.

Is this ideal, no, but frankly the 401k is just sitting there, I took out less than a third of it and the only thing I lose in the deal is a little potential interest earned on the full 401k balance. I'm still pumping 6% of my checks (plus 100% company match) into it so it won't take long to build it back. Really relieved, yes it pushes the debt down the road a bit but in the end it hurts my very minimally and I get the satisfaction of paying off my CC debt every month again.

So one less thing to stress about this year-end.

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