<prompt> Human: My new employer is matching dollar for dollar for the first 7. Ive heard this is good and I should put in at least 7. However Im making roughly 20 an hour and am worried about the hit Ill take paycheck to paycheck after taxes and health insurance. Im 25 years old never payed into a 401k before would love some insight as to what Is recommend for me to do. Edit: Would anyone suggest waiting a bit and paying down my credit card debt before going into the 401k I could get all my debt paid down fairly quickly most likely in 2 months. I dont have much debt but have been stuck in a cycle of paying down my credit card as soon as I get paid then using it to make ends meet. Thanks everyone !  <response>: Think about it this way, would you rather your employer pay you 7 more? Because thats exactly what that means. Contribute 7 unless its impossible for you to. 