A couple weeks ago, JoeTaxpayer discussed the need for an emergency plan. I found his post very interesting — basically, no matter what happens, if your choice is between a 401k with match or an emergency fund in the bank, your 401k is probably the better bet. You can always borrow the money back if [...]

So, in my last post, JoeTaxpayer mentioned that it’s worth considering taking a loan against your 401k to pay off high-interest rate debt. I took a quick look at that, and it really does look like an appealing option - I could drop ~$10k of my debt down to 6% interest over a 5-year period. [...]

Right now, our payments for our debt is exceeding our income, so we’ve stopped 401k contributions to help make the difference up. However, in a few months, we should be at the point where we can actually afford to make payments within our income. I’ve been debating if it would be wise to start adding [...]