Ep. 95: Lucy is a travel nurse who is killing debt

M$D: 9/13/2038

Meet Lucy

Age: 34

Lucy’s main concerns, in her words:

Description: I’m a single, registered nurse. Currently, I have about $9,000 in credit card debt, $8,000 on my final student loan, I bought a house last summer ($112,000) and I lease a car. I approximate my 401k balance at $24,000 and have $1,000 in savings for emergencies. I recently became a travel RN and have doubled my salary ($57/hr, $80/hr after 40 hours). In just the last 2 weeks I have been able to pay off 1 credit card and have paid $2,000 towards the remaining cards. I’m working as much overtime as possible with the goal of paying off the credit cards over the next 3 months. My house needs some updates and I’ve been thinking about finding a used car somewhere that would consider buying out my lease. I currently have 3-401k accounts from 2 pervious jobs and my current job. I’m wondering if it would be best to roll them all into 1 account? Travel nurses work 13 wk contracts. To make the best $$, we often work with several agencies to help drive up offers. So there is the potential that I will end up with several more 401ks… not sure this is the best idea?

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