Quote:
Originally Posted by Caveman Joe  It seems very, very obvious, but a lot of people fall foul of this: being in debt, while still having savings.
If you have savings, use them to pay off your debt. Your savings are accruing a far smaller rate of interest than your debt - if you have savings while you're in debt, they're costing you money. |
Would you say the same thing for contributing to 401ks? Like, would you say stop contributing to retirement and shift that money to pay down debt (except for any matching the company might have)?