So you’ve recently received a windfall from your reclusive, Havisham-esque great aunt. Congratulations! Nothing like an unexpected check from a mysterious relative. Now the question is: what should you do with the cash? Should you use it to pay off your debt? Or is it better to put it toward value stocks?
In this article, we’ll discuss which choice might be best for you. If you’ve got some debt to repay, grab your loan payoff calculator and let’s get to work.
When paying off debt might make sense
Using your money to pay off debt might make sense if the debt you’re carrying is high-interest, like with credit card debt.…Continue reading