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re: Paying Down Debt Vs Saving

Posted on 2/6/16 at 9:16 am to
Posted by gobuxgo5
Member since Nov 2012
10032 posts
Posted on 2/6/16 at 9:16 am to
Also checked a few articles on Google. It doesn't seem to recommend paying student off loans quickly at that interest rate.

It's just stressful seeing those balances.
This post was edited on 2/6/16 at 9:17 am
Posted by I Love Bama
Alabama
Member since Nov 2007
37732 posts
Posted on 2/6/16 at 9:33 am to
My paying your debt, you are effectively getting that rate of return on your cash.

I completely know where you're coming from. Debt bothers me.

You're in the grey area as far as paying it off. I know I would make it a priority. Any rate under 5% I don't worry about but my rental is at 7% so it bugs the heck out of me.

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