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<blockquote data-quote="Bfishn" data-source="post: 277956" data-attributes="member: 2006"><p>I personally wouldn't take away from 401k to pay off manageable loans with that low of interest...certainly not the 0% one. Dave Ramsey is all about paying off debt for people who seem to have a problem with that. For financially responsible people who are already in good shape, he's generally not the guy to listen too.</p><p></p><p>There is peace of mind in being debt free, but it can cause a reverse affect too in that you think "hey, im debt free, i can afford that new....." and you end up spending more money.</p></blockquote><p></p>
[QUOTE="Bfishn, post: 277956, member: 2006"] I personally wouldn't take away from 401k to pay off manageable loans with that low of interest...certainly not the 0% one. Dave Ramsey is all about paying off debt for people who seem to have a problem with that. For financially responsible people who are already in good shape, he's generally not the guy to listen too. There is peace of mind in being debt free, but it can cause a reverse affect too in that you think "hey, im debt free, i can afford that new....." and you end up spending more money. [/QUOTE]
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