Baby Steps and Debt

[disneysteve]

The only part of Dave's plan that I don't agree with is that he recommends that you stop saving when paying down debt. I agree that you should put every extra penny into paying off the HELOC, but I would still take advantage of a 401K, 403B, etc. if you have access to one.

I would agree if there is a company match. Even if your credit card is at 30%, it still makes sense to do a match with a guaranteed 50% return. That's pretty tough to beat. If there is no match, I think a reasonable case can be made to pay off debt first.