40 of 65
BACKNEXT
Don Horton: 401(k) raided
Don Horton: 401(k) raided
Don with his daughter, Mariah, and wife, Michelle
Nuclear security officer, 37, Streator, Ill.

I lost my job in September 2007. I was putting into a 401(k) for the last couple of years prior to losing my job. I only had a little over $30,000 in my account.

Of course I had several credit cards, a house payment, utilities and two car loans. I didn't know what I was going to do. I decided to painfully cash out my 401(k) to survive. After the penalties, I walked away with just over $19,000.

I paid off several bills to alleviate some of the pressure, but the good thing is that I was only unemployed for 18 days before taking another job at $6 less an hour.

We are back living paycheck to paycheck but do have some savings -- not much, but enough to sustain us for a month if something else ever did happen. My goal is to get that up to at least six months.

NEXT: Jessica Jelinski: Collectors call daily
Last updated November 15 2009: 6:21 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
Tools to make your money grow You've started saving and built a financial base. Time for a few new strategies and tools to get your money to grow even more. From real estate to IRAs, here are some tips. More
Ready to start saving? Here's how to do it right When you are just starting out or finally starting to get serious about saving, the basics will get you far. Here are more than a dozen tips that will help you lay the base for building your net worth. More
Meet four kings of Alibaba's online retail empire Alibaba's shopping sites account for 80% of online retail in China. Meet four successful merchants. More

Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.