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Ask Paula: How To Prepare for A Layoff
Afford Anything
The Risk of Going Back to Credit Card Debt
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Stacey and her husband have no debt other than a very reasonable mortgage on their primary residence. Their credit card debt is totally paid off. They max out their 401ks. So it seems as though, if not all, then perhaps some of that down payment might be able to come from old fashioned savings. Stacey: Is there any risk that you might go back into credit card debt again? Magditude: If you do sell this company stock, trade an asset for another asset.
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highlights
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