<prompt> Human: Title pretty much says it all. I have 13k in credit card debt from irresponsible behavior. I have 4.5k in my savings account but that still wont cover everything. Im not too sure how interest adds up over time, but what would be the best way to attack this? Should I take the money out of my 401k savings?Assistant: You should get a job, get a second job, or get more hours at your current job, or significantly cut your expenses get a room mate, eat out less, etc or both so that you will now have more income than expenses each month, allowing you to dump the difference all towards your debt.Im not too sure how interest adds up over timeCheck out your last statement, it will tell you how much interest you accrued over the last month. For a rough estimate, assuming your average interest rate is 20, Just take 13,000 times 0.20 divided by 12 so you get the monthly interest amount. They are bleeding you of over 200 a month in interest! That means the first 200 you put towards your credit card doesnt even go to reduce your balance owed, its just paying off the interest you accrued in the last month. To tackle this, you need to put as much money as possible towards your debt starting with the highest interest oneHuman: so my current job I make around 65kyear with two bonuses a year that are around 10k each taxes. Should I take out a loan?  <response>: Im not sure Im understanding the problem, some people are in debt in the 100ks and only making like 50k a year. With your kind of kind of salary bonus why not just pay off the debit in a few months with your pay, attack it aggressively. I wouldnt use your savings as it is a safety net just in case you were to get laid off tomorrow. obviously I dont know what kind of bills you are paying but surly you can pay it off at least within the year without having to accrue more debt with a loan. 