<prompt> Human: My husband and I need to get some work done on our home repair and repainting of wood siding. The estimates weve gotten so far are higher than we had expected them to be and while we have enough savings to cover it, I dont want to eat into 16th of our savings for home repair. I also dont want to take out a loan if I dont have to, as weve been loan-free for years.My father who was in accounting, finance, and a CFO in his 50 year career suggested I borrow from my 401k. I have about 80k in my 401k right now, and the work on our house will be around 12k. I like the idea of this because the interest I pay when making payments goes back in my own pocket if I understand correctly.Is this wise to do? Or should we just suck it up and get a home improvement loan, or pay 100 right away from our savings?  <response>: while we have enough savings to cover it, I dont want to eat into 16th of our savings for home repairThis sounds like a good use of emergency fundsavings. dont feel bad about doing this, also, you are only using 16 of your savings. 