pay debt

Get Out of Debt First, Then Focus on Saving

Posted 14 min 47 sec ago by Debbie Dragon

Personal Finance, Budgeting

pay debt or save

When you’re in debt, it’s nearly impossible to save money. The money you save while paying off debt is not likely to earn as much interest as the interest you pay towards your debt. It makes much more sense financially to commit to paying off high interest debts first, and then you'll have more money to save.

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