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We can pay our bills but have little cash on hand ...

We can pay our bills but have little cash on hand. We know the problem, two big credit card debts totaling $40,000 at a combined rate of about 12%. We have 7 years left on our original mortgage and twelve years left on a home equity loan (total of about $140,000). We have one child still to get through college (we have saved about $20000 in a TAP fund). Both my wife and I have retirement plans, but not of any great value (a combined 40k). Being a teacher I have an excellent retirement plan and will be eligible to retire within the next three years. If we could manage the two credit cards in a better fashion, I know things would be better. Suggestions?


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I hope that you find your answer. My husband and I are in the same position. The only difference is that we will be seperating mostly in part to finances. A word to the wise.....Love each other, communicate, and don't let money issues rule and destroy your lives. Good Luck.
Posted 2009-11-28T20:25:36Z
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I hope that you find your answer. My husband and I are in the same position. The only difference is that we will be seperating mostly in part to finances. A word to the wise.....Love each other, communicate, and don't let money issues rule and destroy your lives. Good Luck.
Posted 2009-11-28T20:25:47Z
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