Re: 401K before credit card debt? or other way around?
We had 20k worth of debt and it took about 3.5 years (once we got serious) to get it all paid off. When I was working part-time (I was fully vested) , I contributed to the company match (6%) and so did my husband (6%) who is now fully vested as well.
If your company has a match, keep contributing to your 401k that is free money that the company gives you.
Now that we are credit card debt free, hubby contributes currently 12% to his 401k and I max out a Roth IRA since I am no longer employed.
|