Should You Pay off Your Debt First Before Saving?

If you’re in debt, you might be wondering:  Should I pay off my debt first before saving and investing? Or, is ok to save and invest while I still have debt payments to make? There is no one right answer. Being debt free and saving money are both important goals. But both compete for your financial resources. To make the choice that’s best for you, you’ll  need to look at your own financial condition and prioritize your goals. Here are some things to consider to help you make a plan.

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