Debt

Snakes bite!

Tyler and his wife have the cash to pay for an entertainment center, but the manager has offered them a 10 percent discount if they get a store credit card. Dave warns them to stay away from this kind of stuff.

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Don't touch the 401(k)

Stephen asks if it would be a good idea to take out a loan against a 401(k) to pay off credit card debt. Dave advises against this, and during the conversation he learns that credit card debt isn't the real problem.

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Drain savings to pay debt?

Neal has lots of money saved for several different reasons. The problem is that he also has a lot of debt. While he has done a good job of saving, Dave walks him through his philosophy, the Baby Steps and explains what he would do in Neal's situation.

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Walking on thin ice

Justin is in the military. He and his wife are debt-free, but they're thinking about taking out a loan he says the Army will repay. Dave warns him not to do it.

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