If you are disciplined enough to do both tasks, and get them done in 12 months, I say start the 401(k) and debt repayment now.impolitehoping I don't get reamed for telling you this impolite's advice is right on the money (no pun intended).I think you'll benefit more from eliminating debt and saving for retirement at the same time. Since the timeframe to pay off the credit card is short either way, there's probably not much of an interest hit from doing both. Just remember to pay the CC each month after paying it off. (That comment's for my usage, too!)A small emergency fund will help you from using credit for life's little emergencies, like auto repairs. Having to pay for emergencies with credit can stretch out your repayment plan indefinitely.Makatak
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