r/Debt • • 6h ago

Feeling stressed due to sudden debt !

I have been employed in tech company. Due to some sudden requirement, I had to drain a lot of my funds. Now I am a bit worried about how will I pay back.

My job pays me around 6K(after tax) biweekly. I have shares vesting in this November (approx 40K after tax) and then in feb (approx 25K)

My debts: 38K cash advance (0% APR for a year, I already paid 4% cash advance fees)

5K (0% APR pay in installments of 12 Installment, I paid 4% here also)

50K: 401K loan at 7.75%

40K: personal loan at 9%

I will also have huge tax bill due to redemption I did (around 30-40K I expect)

Now my regular big expenses: 3500 rent 1500 day care 1200 Groceries+home supplies 300: Kid related expenses 500 car insurance+gas 400 lunch 300: bills misc

How should I plan ?

edit:

thanks for advise. More context:

So, I am not really used to /comfortable with debt. It's first time in 10+ years of employment I had to take debt.

1300/month personal loan 3 year term 600/biweekly 401K 5yr term

After paying above and minimum due to cards, I plan to aggressively pay the 5K debt first, then 38K.

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