Pay Off Student Loans, Save, or Invest?

One of the questions many young adults face is whether it’s better to pay off student loans (or other debt), save, or invest.

Pay Off Student Loans, Save, or Invest?

Assess the Situation by Making a Budget

Tally up all sources of income and list out your savings. After you’ve done this, you should have a pretty clear idea of how much money you’re spending

No. 1

Paying off High-Interest Debt

While you are making monthly payments on your student loans, it could be smart to tackle any high-interest debt you may have.

No. 2

Paying off High-Interest Debt

While you are making monthly payments on your student loans, it could be smart to tackle any high-interest debt you may have.

No. 3

Whether it makes sense to direct any extra cash toward debt repayment, savings or investing (or some combination of the three) will depend on your current financial situation

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