Friday, October 11, 2013

October 11 - Online Discussion Question 5

Should you take your company match while you’re in debt?

12 comments:

  1. Yes, but I think it also depends on what kind on debt you're actually in.

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  2. No, you should wait to have the money yourself, the company match should be saved for retirement fund(s).

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  3. No, you should pay off your debt and then start to invest. Otherwise, with interest you are losing more and more money the longer you put off paying it.

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  4. no because if you take it while you are in debt it isn't going to do any good

    travis

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  5. No you should not do this because the company will match what you put in and this money should be used to get you out of debt.
    adam

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  6. I guess it wouldn't hurt, unless you're first required to put up extra money yourself, otherwise, aren't they just matching something that you've already put into the account?

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  7. No. You should pay off the debt yourself and then start investing.

    Autumn

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  8. Yes, you are getting money because they are matching it. With the extra money they match you can pay off your debt.

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  9. Probably not. You need to focus on getting out of debt first.

    eyezik

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  10. No.... I don't think so.... I think you should first worry about getting out of debt... then think about matching...

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  11. No. You need to get out of debt first.

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  12. no you should try to pay off your debt before investing.

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