Should I use my 401(k) to pay off my debt?

How to trade in your car, 10 surprising uses for Windex, Costco’s low-priced hot dogs & more June 9, 2022 [The Penny Hoarder Daily Newsletter]( Hey Penny Hoarders, If paying off your student loan debt feels like an exercise in futility, you might start considering extreme options to expedite the process. But is it wise to, say, dip into your 401(k) to finish the job? Today, we’re taking [a look at the best options](. Plus, before you hand over your vehicle to a dealer in exchange for some new wheels, [read our six-step guide]( so you get the best value. [Debt]( [How to Trade in Your Car: 6 Steps You Need to Take]( Buying a new (or new-to-you) car is slowly becoming easier as prices start to drop. Having another vehicle to trade in will bring costs down even further. Before you accept the first trade-in offer thrown your way, read our guide to score the best deal. [READ MORE]( [Dear Penny: Should I Use My 401(k) to Pay Off My $100K Student Loan Debt?]( I’m 29 with almost $100K in student loans, mostly from my master’s. Even with a good salary, I live paycheck to paycheck in a high-cost area. Should I use the $55K in my 401(k) to pay down my loans? [5 Strange Things Millionaires Do With Their Money, But Most of Us Have Never Tried]( Wouldn’t it be grand if someone just forked over a million dollars, and you could finally stop worrying about money for good? Since the chances of that happening are pretty much zero, here are five proactive moves you can make to grow your wealth.     IN CASE YOU MISSED IT - [10 Surprising Uses for Windex Beyond Cleaning Glass]( - [Dear Penny: Am I Dreadfully Off Track on Retirement Savings at Age 23?](   [Save Money](     [One Thing Inflation Hasn’t Ruined: The $1.50 Costco Hot Dog](   [New on the Market: Apple Pay Later]( Buy now, pay later services are a convenient way to purchase big-ticket items without coming up with the full balance on the spot. Now, Apple is getting into the game. Apple Pay Later will let you split purchases into easier-to-digest payments. Best of all, they’re interest free. [Say Goodbye to Your Morning Commute]( Tired of feeling left out when you hear from your friends who are free to work from just about anywhere? Remote jobs are more popular than ever, so now is an excellent time to make the change. Get started by browsing the listings we have in our Work-From-Home Jobs Portal. [The Top 6 Side Hustles You’ve Probably Never Heard of]( We live for finding interesting side gigs that bring in supplemental income. Bonus points when you don’t even have to leave your home. Here are six money-making opportunities that will keep the cash flowing with little effort on your part. Was this email forwarded to you by a friend? [Subscribe Now](. The Penny Hoarder [490 1st Ave S, Suite 800 | Saint Petersburg, FL 33701 | U.S.A.]( [View in browser]( [Mailing preferences]( | [Unsubscribe]( | [Privacy policy]( [Facebook]( [Instagram]( [Twitter]( [Pinterest]( [YouTube]( © 2022 The Penny Hoarder. All rights reserved.