Should I Pay Off Debt or Invest?
"Should I pay off debt or invest?" is one of the most frequent questions posed to a financial professional. The answer depends so much on your personal situation, but tools like this calculator can help someone start to see the pros and cons of each decision.
Debt Information
Investment Information
Monthly Allocation
These are example values. Update them to reflect your own situation.
Your Recommendation
Analysis details
Interest Comparison
If your answer suggests investing, you might want to play with your expected interest rates and monthly investments to see what kind of outcomes you get. Often, people have the goal of paying off debt in a steady, timely fashion, but life gets in the way. Experiment to see what could change your mind.
This is a hypothetical example based on the information you provided. The example is for illustrative purposes only. It is not representative of any specific investment or combination of investments. Past performance does not guarantee future results. Actual results will vary.
