Withdraw My Rrsp To Make Ends Meet...? Good Or Bad?

I am scared, nervous, and depressed about my money situation.
I applied successfully for a new visa ($7,000 limit) I also got an overdraft on my account ($1,000). I did these things to cover my ***.
I have a good job, but I went from full time work to scraping for shifts. When I work I get good money. But it's so unpredictable. And, bills have to be paid. I'm stressed now because my savings is gone, my regular account is -$900.00. I have bills, I have rent, I don't know what to do...
I have yet to use my new visa but I have an existing visa maxed out at $5,000. I pay a monthly student loan $150/mth. I also pay a student line of credit $150/mth. I have a phone bill that averages $60-100/mth. And rent, $750/mth. These bills must be paid. It's getting harder and harder with my unpredictable work schedule...

What I'm thinking now, is dipping into my RRSP. I don't have much in there, but it's enough to get me out of this quicksand of debt. I hate to do it, but I feel like it's my only choice. It's either take a few thousand from there or declare bankruptcy (I don't want that!!)
I know it's a temporary fix and eventually I will have literally nothing left, but what other choice do I have?!
I know it's not the greatest idea, but that's my only real money left. Is it really that bad to withdraw from an RRSP?
I'm thinking of withdrawing $2,000. Is that really bad? And how do I go about it...?
I really don't want to, but I really have no choice...
Please, I need advice. I don't know what to do. This is really my only solution money wise...
moneywise moneywise
1 Response Dec 8, 2012

I'm in a difficult spot in terms of financial stability, so I understand what you're going through.

Bankruptcy Chapter 7 is extremely common, but it only makes sense if you have $2500 cash on hand to cover attorney fees.

Withdrawing from you retirement account should be used as a last resort, because no matter how bad your financial situation, the Banks and Creditors can NEVER touch your retirement.