What would you do?

Hi! Short story, I have some debt right now and it has put a lot of stress on me and has been weighing on me the last 3 years we’re I am living paycheck to paycheck even with my job who pays decent. Anywho I am relatively young and have a 401k were I have some money where I could pay off some debt that would lift a lot of this burden and stress off me.

Would you take some of that 401k out some of it to pay the debt I have now about 5000 worth or just keep paying payments for the next 3 years living paycheck to paycheck?

Btw I know there is a 10 percent penalty fee for taking some of your 401k before your supposed to.

Any help or suggestions, thanks you

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Slade · 56-60, M

You gotta ask yourself, is losing the stress worth $600+? If it is then do it. If not hang in there

JaneCas · 26-30, F

@Slade more Like 4500 of loans where my interest and it’s affecting my credit due to not being able always to pay on time because of other expenses that may come up, it’s like the money I get paid every two weeks is set for all these bills and I don’t have money for other things that may come up. This is stressful

Slade · 56-60, M

@JaneCas I just meant the penalty you pay. Borrowing from it seems the best option