So me and the mrs completed our taxes, and praise be we didn’t owe, paid close to 38k in taxes. We will get a small refund and we want to tackle our credit card debt (~71k). We have a plan to pay one down at a time, but with interest paid, and monthly payments, is it smarter to pull money from home, possibly 100k to just be done (mortgage balance ~400k house worth ~800k). We have one heloc for our home project at 115k. So total balance on mortgage accounts is about 515k…we made about 250k last year, so we have the money coming in. Just seems like I’m bleeding with all the CC payments. Thanks!
original posted by tonyt0906 to r/personalfinance on Thu, 07 Mar 2024 02:02:20 GMT.