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re: Tips for paying off debt?
Posted on 6/26/15 at 8:02 am to Hester Carries
Posted on 6/26/15 at 8:02 am to Hester Carries
quote:
Lets say ive got 15k left on a student loan and 16k in the bank...
Interest rate on loans?
I wouldn't pay it all off. You can likely use that money to earn larger returns in investments. Especially if you have a low interest rate. However if it was 8% or higher I would probably pay most of it off.
If I was in your situation, I would just put large payments each month towards your loans and invest a good chunk of that 15k, unless it's your emergency fund.
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