Greg mentioned the ROTH. If you qualify, consider not taking a 401k loan but reducing your 401k contribution down to the limit the company matches and putting the rest in the ROTH up to the max. Any leftover, tuck away into a normal investment account. As you accumulate $1000 or $2000, buy something....
Just something to consider. You have time on your side and slow and steady can win this race in a big way!
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