<prompt> Human: I just started a new full-time job three months ago and they dont start matching 401k contributions until Ive been there a year. I also have credit card debts to pay off. My guess is that Im better off contributing nothing yet and paying off the debt as quickly as possible because its very unlikely that Id make as much on 401k contributions as Im losing in credit card interest.Does that sound right?  <response>: My guess is that Im better off contributing nothing yet and paying off the debt as quickly as possible because its very unlikely that Id make as much on 401k contributions as Im losing in credit card interest.Yes, if your 401k is not matched then paying down high interest debt is the next step after establishing an emergency fund.Please read the information found in the FAQ particularly I Have X ... What Do I Do With It?! and the Long-Term Investing Start-Up Kit You may find Your 401k and You: Basic Information and Your IRA and You: Basic Information worth a read as well. 