<

Ready To Launch Your Coaching Business and Programs?

Get Your FREE Must-have CHECKLIST for Aspiring Coach and Service Based Entrepreneuress
and Make $5k+ Months Your New Normal!

Which Is Better, to Pay Off Debt or Invest?

by | 100 Comments
Pin It

According to Federal Reserve statistics and other US government data, the average US household credit card debt is $15,706; average mortgage debt $156,333, and average student loan debt $32,953. Is it reasonable to pay off debt or invest instead?

Whether you are single or have a family, we all want to manage our finances well. Many of us still have some debt as well, such as mortgage, student loan or even credit card debt. Having a debt can cause many sleepless nights while you are constantly trying to think how to dig yourself out of it.

Since you are hard-working and have managed to save pretty decent amount, what should you do with that money? How to make the best financial decision? Which is better, to pay off debt or invest?

There really is no right or wrong answer. It depends on your current financial situation.

These top 5 tips help you to make the wise decision whether to pay off debt or invest instead.

to pay off debt or invest

Top 5 Tips that Help You Decide Whether to Pay Off Debt or Invest Instead

Tip # 1 Look at the numbers

Step 1: If you are thinking about investing your money, you need to calculate the after-tax return of investment.

Step 2: Get clear how much interest are you really paying. You would need to organize all of your debt accounts based on the interest rates you are currently paying. It helps you to understand which debt is most expensive (you definitely do not want to keep paying interest that is higher than 9-10%, so try to pay it off fast!).

Step 3: Compare the numbers. If your after-tax interest number is greater than you could potentially earn from your (after-tax) investment, you should pay off your debt instead.

Tip # 2 Use a calculator

Another way to figure out whether it is better to pay off debt or invest, is to use a CalcXML calculator or MyFICO calcualtor. It is free and can be somewhat helpful. You will get an instant result based on your personal financial situation.

However, never make a final decision just based on calculators. Use those as helpful tools that give you a better understanding of your financial situation. Besides, be aware that investing typically involves fees as well.

Tip # 3 Don’t forget your credit score

You really need to have a very clear overview of your debt. If you have a credit card debt, you need to make sure you make your payments on time, and don’t use more than 30% of your credit limit. Ideally you should only use it up to 10%.

Remaining a good credit and improving it should be one of your priorities as well. Therefore it is reasonable to pay off your debt first if you have trouble making monthly payments or use more than 30% of total  credit limit.

Tip # 4 Maximize your 401(k)

Investing or paying off debt are both winning situations. Depending on your financial situation, it might be wise to maximize your 401(k). Consider taking advantage of your employer’s matching contribution. However, you need to figure out what is the most beneficial situation for you, because employers often contribute differently.

Do your research and take advantage of this “free money.” Learn the details of maximizing your employer’s 401(k) contribution.

Tip # 5 Consider opening a 529 plan

If you are interested in investing, you need to know your risk tolerance. Are you very conservative or ready to take higher risks? Be aware of unexpected circumstances such as losing an income, accidents, deaths, divorces just to name for few. Make sure you have sufficient emergency fund as well.

Consider opening a 529 plan for your children. It is important to note that 529 plans offer tax benefits based on states, and are therefore great options. However, you have to be smart which plan is right for your family. Should you pick college savings plan or prepaid tuition plan instead?

Sometimes your employee benefits include a free consultation with a 529 plan consultant or a financial advisor. This could be very helpful to find out whether it is better to pay off debt or invest into 529 plan.

to pay off debt

Wrap up: Is It Wiser to Pay Off Debt or Invest?

There is no right or wrong answer to this question. It depends on your current financial situation and your (financial) goals. Not every debt is bad, such as mortgage with a good interest rate. It might be reasonable to invest if you have a good credit score and your return of investment is higher than the interest of you are paying.

Whether you pay off your debt faster or decide to invest instead, you will win either way.

Top 5 Tips that Help You Decide Whether to Pay Off #Debt or #Invest @FinWiseOnHeels Click To Tweet

What is your opinion or experience? Which do you prefer – to pay off debt or invest instead? Share your thoughts below!

online business program

Pin It

Affiliate links may be used in this post. Ordering a product through this link may result in a commission with no extra cost to you. All opinions are my own. Read Disclosure Policy.

100 Comments on Which Is Better, to Pay Off Debt or Invest?

  1. Melrose
    23/09/2015 at 5:19 am (8 months ago)

    I really found this post helpful.I’m to scare to invest any money right now since I’m in heavy loan debt.According to a law in new york if I continue to pay in 20 years all my school debt should be forgiven for.I used to have really good credit and according to my school loan debt and paying off a hospital among everything else (bills and rent).Is there anything you recommend me doing other than paying the interest rate faster?I also signed up for your e book can’t wait to read it :)

    Reply
  2. Grace
    24/09/2015 at 12:09 am (8 months ago)

    Interesting. It’s a constant goal of mine to be debt-free. I paid off student loans asap, paid off a new car within a year, pay my credit card in full each month, etc. However, when it comes to investing, I have no experience. I’ve always been scared of it because I don’t really understand how it all works.
    Grace recently posted…Is the Vulnerability of Creativity is Worth It?My Profile

    Reply
    • Reelika
      24/09/2015 at 5:40 am (8 months ago)

      Absolutely, being debt-free should definitely be a goal. Looks like you have done great! Investing is definitely something that takes little more time to learn and adapt.

      Reply
  3. Bryce Rae
    24/09/2015 at 1:03 am (8 months ago)

    Great topic.
    I have read alot in this area. My policy is that paying off debt is the most important. For example, try and keep the credit card balance at $0 . I also want to pay off my mortgage ASAP. I have read that in many books.
    Bryce Rae recently posted…Are You A Conversation Starter ?My Profile

    Reply
    • Reelika
      24/09/2015 at 5:42 am (8 months ago)

      Great choice, Bryce! Reading is definitely very eye-opening. :)

      Reply
  4. Lana
    24/09/2015 at 1:15 am (8 months ago)

    I watched a show once (don’t remember which one), and the financial adviser recommended to invest rather than making bigger mortgage payments. That’s all I remembered, but when he was explaining, it made a lot of sense. We don’t have any debt except for mortgage, but we are doing both- investing a little, and trying to pay as much as possible every month for that house of ours.
    Thank you for the post, I will send the link to my daughter too. I am sure she will find it helpful!

    Reply
    • Reelika
      24/09/2015 at 5:45 am (8 months ago)

      Mortgage is definitely a debt that many of us have, and it is not that bad debt at all if you have a good interest rate. This is great that you are looking into investing as well. It all takes practice as well. Thanks for sharing and glad you found it helpful :)

      Reply
  5. MonicaP
    24/09/2015 at 1:16 am (8 months ago)

    When I was younger I racked up the credit cards and paid those off – never to do that again! Now my cards are in control and paid off each month so I can put money away in savings. It was a painful lesson to learn, but I think every young adult gets caught in the credit card trap.

    Monica.
    MonicaP recently posted…How a lost t-shirt turned into a dresser re-organizationMy Profile

    Reply
    • Reelika
      24/09/2015 at 5:47 am (8 months ago)

      Monica, I couldn’t agree more! We definitely need to educate our kids to avoid the same mistakes.

      Reply
    • Reelika
      24/09/2015 at 5:49 am (8 months ago)

      Glad you found these helpful, Dena :)

      Reply
  6. Yolanda
    24/09/2015 at 4:16 am (8 months ago)

    This is wonderful advice and perfect timing for me as I’m trying to make some big financial decisions. Thanks!

    Reply
    • Reelika
      24/09/2015 at 5:50 am (8 months ago)

      Very good, Yolanda, make sure you check out the other articles as well :)

      Reply
    • Reelika
      24/09/2015 at 5:52 am (8 months ago)

      Investing can be scary, but doesn’t have to be. Glad you found these helpful, Sherill.

      Reply
  7. Ayana Pitterson
    24/09/2015 at 6:31 am (8 months ago)

    Wow, this article is right on point at the right time for me. I have been thinking of my family’s financial situation and need to really sit down and figure out investment opportunities. Thanks for the pointers regarding the 529 investment portfolio. I have two very young children and really need to start thinking now about their education. I am in the military and know that I can pass my GI bill onto one of them, but really have to figure out the whole portfolio. Thank you for this!

    Thrifting Diva
    Ayana

    Reply
    • Reelika
      24/09/2015 at 9:45 pm (8 months ago)

      I definitely recommend to take some time to figure out your entire financial situation. 529 can be very helpful when you have kids. Glad to see you found it helpful, Ayana! :)

      Reply
    • Reelika
      24/09/2015 at 9:46 pm (8 months ago)

      Thanks, Sam!

      Reply
  8. Caitlin
    24/09/2015 at 9:01 am (8 months ago)

    I just LOVE the classy look and feel of your blog! :) This post outlines some super tips and things to consider in making the decision. I tend to lean towards paying off debt first but like you say, it depends on what else you have going on and the interest rates you’re paying depending on what kind of debt it is. It seems obvious to take the interest you’re paying into account but is something I can totally see people not thinking through. Luckily they have you to remind them! :)

    I’ll definitely be back to check out some other posts and maybe even subscribe! Thanks!
    Caitlin recently posted…A toast in honor of doing scary-exciting thingsMy Profile

    Reply
    • Reelika
      24/09/2015 at 9:50 pm (8 months ago)

      Thanks, Caitlin. Getting out of debt should definitely be one of priorities. :)

      Reply
    • Reelika
      24/09/2015 at 9:51 pm (8 months ago)

      This is awesome, Kimberly! :)

      Reply
  9. Tenacious Little Terrier
    25/09/2015 at 12:15 am (8 months ago)

    Great informative post. It’s definitely something I’ve been thinking about what with student loans and other things.

    Reply
  10. Kirsten @ Treat Yourself Sweeter
    25/09/2015 at 3:21 am (8 months ago)

    This is an important question everyone needs to ask- I hate debt and always try to make sure that I actually have none, but sometimes people just look at the now… not 10 years from now. Some good things to think deeper about.

    Reply
    • Reelika
      25/09/2015 at 11:57 pm (8 months ago)

      Real estate investments are definitely great if done right time. Thanks for stopping by, Amanda :)

      Reply
  11. Val
    27/09/2015 at 3:37 am (8 months ago)

    Great, easy to follow. I’m going to have my husband read this as well. We’ve needed to meet with the rep for his retirement for a little bit now.
    Val recently posted…5 Reasons Your Family Should Be ColoringMy Profile

    Reply
    • Reelika
      05/10/2015 at 9:02 am (8 months ago)

      Thank you, Val :)

      Reply
  12. Jere'
    27/09/2015 at 6:59 pm (8 months ago)

    Great post. This year we paid off our mortgage and I have never felt so much relief to not have that huge payment anymore. We live very frugally but comfy; no loans, no credit card debt.

    Reply
    • Reelika
      29/09/2015 at 12:16 am (8 months ago)

      This is great, Jere, definitely totally worth it :)

      Reply
  13. Jebbica
    27/09/2015 at 7:50 pm (8 months ago)

    I think you’re right, it just depends on the individual. Right now, I am investing through my paycheck at work, with a percentage of each check going into a retirement fund and my employees match it. I also have an HSA health insurance account that will become retirement money if I don’t use it. However, I accrued a lot of debt in my 20s because of student loans and just from being dumb and not realizing the repercussions it would have if I didn’t pay things back. I have been working for the last couple of years to get my debts paid off and improve my credit score. So far that has worked for me but I would love to be able to have more money to save!
    Jebbica recently posted…Food & Fitness Friday: 09-25-2015My Profile

    Reply
    • Reelika
      29/09/2015 at 12:25 am (8 months ago)

      Unfortunately that is true, many of us have student loans that take awhile to pay off. However, looks to me that you are taking care of your finances very well, Jebbica :)

      Reply
  14. Pam
    27/09/2015 at 8:24 pm (8 months ago)

    My husband and I are debt free other than what we owe on our mortgage but it hasn’t always been that way. We had times years ago when our credit card debt was more than what we wanted it to be. We chose both to pay down or debt and invest and that worked for us. The trick is just staying with it.
    Pam recently posted…What the Cluck? #ChangeYourChicken GiveawayMy Profile

    Reply
    • Reelika
      29/09/2015 at 12:26 am (8 months ago)

      That is awesome, Pam! And honestly, mortgage is not a bad debt at all if you have a good interest rate.

      Reply
  15. Zoe
    28/09/2015 at 2:54 am (8 months ago)

    Great article and something I’m never actually sure about! So many of my friends work things differently. This was a great common sense approach and exactly what a lot of us need! Thanks for posting !
    Zoe recently posted…Are You At A Crossroad and Unsure of What to Do?My Profile

    Reply
    • Reelika
      05/10/2015 at 9:03 am (8 months ago)

      Thanks, Zoe! There really isn’t right or wrong answer, it really depends on your current situation.

      Reply
  16. Pam McCormick
    28/09/2015 at 4:28 pm (8 months ago)

    Right now…eliminating our debt is our priority. We have a long way to go, but it feels good. Thanks for the tips.
    Pam McCormick recently posted…The Dance…My Profile

    Reply
  17. Christina @ Embracing Simple
    28/09/2015 at 8:13 pm (8 months ago)

    This is a great topic to discuss! I think you are right, there definitely is no right or wrong answer. For us, the little debt that we do have has an extremely low interest rate on it, so we are better off investing (wisely) right now. I would think if you had extreme credit card debt or the the like at say 13% interest, it would probably be best to pay that debt off before investing.
    Christina @ Embracing Simple recently posted…4 Ways to Stay Focused on Your Long-Term GoalMy Profile

    Reply
    • Reelika
      29/09/2015 at 12:27 am (8 months ago)

      I couldn’t agree more, Christina, thanks for stopping by :)

      Reply
  18. jacqulyn Munns
    29/09/2015 at 12:45 am (8 months ago)

    Great advice. I am always told either one or the other when I am given advice, depending on who is giving it. It is nice to have someone explain what I should look at to determine which is the best course of action for me.
    jacqulyn Munns recently posted…Young Dancers: Injuries and PreventionMy Profile

    Reply
    • Reelika
      05/10/2015 at 9:04 am (8 months ago)

      Glad you found it helpful, Jacqulyn!

      Reply
  19. Debbie
    29/09/2015 at 3:35 am (8 months ago)

    This is great, practical advice. Thank you so much for explaining all of that! I need to look into some of these ideas and decide what to do.

    Reply
  20. Dawn
    29/09/2015 at 5:15 am (8 months ago)

    Thank you for this wonderful information. Other than our mortgage, we live debt free and a frugal lifestyle.

    Reply
    • Reelika
      01/10/2015 at 7:07 pm (8 months ago)

      Well done, Dawn :)

      Reply
  21. The Levantess
    29/09/2015 at 6:47 pm (8 months ago)

    I agree that it is highly individual according to situation and goals, provided there is a reasonable emergency fund set up. Once you have some liquidity for unexpected pop-ups, you can decide where your money serves you best.
    The Levantess recently posted…Eggplant and Tomato “Stew”My Profile

    Reply
    • Reelika
      05/10/2015 at 8:45 am (8 months ago)

      Emergency fund is definitely vital to have! Great point!

      Reply
  22. Karen
    29/09/2015 at 8:48 pm (8 months ago)

    These are great tips! We went credit card free for a while, but our insurance rates, etc went up without any debt except car loans (renting while living temp across the country for a few years, thankful we sold home when we considered renting it out – it was hit by a tornado and would’ve been a nightmare to get repaired long distance, and no rental income in the meantime!) Now we have a couple of credit cards, and have utilities set to charge monthly, then we pay in full. We keep increasing our savings also, for a larger down payment when we transfer back, so our mortgage won’t be so high :)
    Karen recently posted…R2D2 Granola BarsMy Profile

    Reply
    • Reelika
      01/10/2015 at 7:10 pm (8 months ago)

      Rental income is definitely great. Mortgage really isn’t a bad debt and even somewhat good one if the conditions are right :)

      Reply
  23. Jen
    29/09/2015 at 9:40 pm (8 months ago)

    Thank you for these great tips! I definitely need to implement some of these. :)

    Reply
  24. April Ockerman
    29/09/2015 at 11:58 pm (8 months ago)

    This is such a timely post for my family. We just deiced to cash out my hub 401K and pay off almost all of our debt. No car payments, no CC payments. just house and basic bills. It has freed up so much of our income that now we can actually start saving money and we can start another 401K to build back up again.
    April Ockerman recently posted…Protein Bars- Hold the GlutenMy Profile

    Reply
    • Reelika
      01/10/2015 at 7:11 pm (8 months ago)

      That is awesome, April :)

      Reply
    • Reelika
      01/10/2015 at 7:11 pm (8 months ago)

      Thank you, Angela :)

      Reply
  25. Rachel
    30/09/2015 at 12:52 am (8 months ago)

    This is good-to-know information. I have a mortgage and minimal credit card debt. I want to invest in land. I hope to pay off my credit card debt soon.
    Rachel recently posted…Coming Down from a Spiritual HighMy Profile

    Reply
  26. Jill
    30/09/2015 at 5:12 am (8 months ago)

    Interesting point of view and thoughts on investing vs. getting debt-free. Thank you for your post!

    Reply
  27. shalama
    30/09/2015 at 6:12 am (8 months ago)

    I am actually working on this right now. I am working on paying off debt while trying to save a little bit at a time. I have a 7 year plan and I need to have everything but my student loans paid off by then.
    shalama recently posted…A foam roller can make a difference for youMy Profile

    Reply
    • Reelika
      05/10/2015 at 9:05 am (8 months ago)

      Definitely take some time to think and consider which option works best for you, Shalama :)

      Reply
  28. Jill
    30/09/2015 at 6:32 am (8 months ago)

    Great tips! It is always a hard decision whether to pay off debt or invest…both are important. I think we tend to try to pay off debt but should be investing more as well.
    Jill recently posted…Slow and Steady wins the RaceMy Profile

    Reply
    • Reelika
      05/10/2015 at 9:05 am (8 months ago)

      Thank you, Maria.

      Reply
  29. Lindi Mogale
    30/09/2015 at 5:12 pm (8 months ago)

    I prefer to pay of debt as being in debt makes me very stressed out, once I am debt free i will definitely be looking at ways to invest more for my future and that of my children
    Lindi Mogale recently posted…For the love of an elegant and modest dressMy Profile

    Reply
    • Reelika
      01/10/2015 at 7:13 pm (8 months ago)

      Living debt free is definitely less stressful for sure :)

      Reply
  30. Erica Brooks
    01/10/2015 at 1:31 am (8 months ago)

    Good tips on things to consider when making the desicion to invest or pay debt. My husband and I have been thinking about investing in real estate. I’ll have to share these tips with him.

    Reply
    • Reelika
      01/10/2015 at 7:14 pm (8 months ago)

      Real estate is definitely a great long-term investment and on a mean time, you can always earn rental income and use it to pay your mortgage for instance.

      Reply
  31. Malorie
    01/10/2015 at 1:59 am (8 months ago)

    These are great points, especially the one about paying attention to your credit score.

    Reply
  32. Aimee
    01/10/2015 at 3:46 am (8 months ago)

    Very good points. My husband & I decided that paying off debt before investing made more sense for us. Investments always come with a risk, but knowing that we are saving interest on our debts is a guaranteed savings.
    Aimee recently posted…Adventures at Newton & the Boulder Backroads MarathonMy Profile

    Reply
  33. Adrienne
    01/10/2015 at 12:59 pm (8 months ago)

    Great tips! My husband spent 17 years as a licensed mortgage loan officer. He worked with many clients to repair their credit and reduce their debt. This was in preparation of applying for a mortgage. There are a lot of things to take into consideration between paying off debt and investing. You covered many of them. ~Adrienne
    Adrienne recently posted…National Prescription Drug Take-Back DayMy Profile

    Reply
    • Reelika
      01/10/2015 at 7:16 pm (8 months ago)

      Thank you, Adrienne! Repairing credit is definitely very important.

      Reply
  34. LizZ H.
    01/10/2015 at 8:11 pm (8 months ago)

    Thank you so much for all your advice. Although the majority is American based, I did however take some good tips from it to work through our debts
    LizZ H. recently posted…Fall Planting PlansMy Profile

    Reply
    • Reelika
      05/10/2015 at 8:59 am (8 months ago)

      That’s true, it is mostly the US based, but definitely anyone can compare the numbers no matter of your location :)

      Reply
  35. Leila
    01/10/2015 at 9:27 pm (8 months ago)

    Oye. We are wanting to purchase our first family home and have been looking at mortgages and debt and savings and budgets, oh my! We are using a few different techniques but in short, we are hoping to save up an emergency fund and then pay off our debts. I think once we get the small debts paid off, we can focus on investing some and paying off debt with the other.
    Leila recently posted…My Recovery Story and How to be Prepared for the What IfMy Profile

    Reply
    • Reelika
      05/10/2015 at 8:57 am (8 months ago)

      Setting up a decent emergency fund is definitely crucial. Great plans, Leila! :)

      Reply
    • Reelika
      05/10/2015 at 8:54 am (8 months ago)

      529 can be a great option if you have kids :)

      Reply
    • Reelika
      05/10/2015 at 8:53 am (8 months ago)

      Thank you, Rena!

      Reply
  36. Jamie
    02/10/2015 at 1:34 am (8 months ago)

    Great tips!! We went through the “Financial Peace University” program and paid off all of our debt first, and are now building our savings. Always a blessing to only have the mortgage and utilities!! :) Hopefully the first one will be paid off soon, too! :)
    Jamie recently posted…Make a Utensil Table Helper #TigerStrypesBlogMy Profile

    Reply
    • Reelika
      05/10/2015 at 8:53 am (8 months ago)

      Well done, Jamie! “Financial Peace University” is very helpful :)

      Reply
  37. Just Plain Marie
    02/10/2015 at 1:46 am (8 months ago)

    Personally, I wouldn’t be comfortable investing unless I were debt-free, but I agree that it’s important to work the numbers. My concern with all debt, and that includes a mortgage, is that we can never guarantee that the income we have will be there next year. Therefore the faster we get rid of the debt, the more secure we are in the long run. But, of course, that’s just my opinion. :)
    Just Plain Marie recently posted…Oh, Poo! A Review of BTS-33 Composting Toilet by BioletMy Profile

    Reply
    • Reelika
      05/10/2015 at 8:51 am (8 months ago)

      This is true, we are unable to predict our future and we need to prepare for the worst. In that case, 3-6 months emergency fund can be truly helpful.

      Reply
  38. Keelie Reason
    02/10/2015 at 4:29 am (8 months ago)

    My husband and I have had this conversation over and over. We eventually decided to pay off the debt before putting money in savings or doing anything else with it. Now, we are debt free and have been for many years. It is a really good feeling to not owe anything.
    Keelie Reason recently posted…Funny Couples Costume- Starbucks Drink and BaristaMy Profile

    Reply
    • Reelika
      03/10/2015 at 4:14 am (8 months ago)

      This is awesome, you and your husband have done wonderful job :)

      Reply
  39. Rachel
    02/10/2015 at 9:31 am (8 months ago)

    What I really appreciated about the post, is you opening our minds to options. Either pay off debt or invest. As I have gotten older I have become better with my spending and I am slowly learning about investing, but it is a very dry subject.

    I agree with you that credit score is important especially for the future planning. Thanks for giving me food for thought.

    Rachel.

    Reply
    • Reelika
      03/10/2015 at 4:17 am (8 months ago)

      You are very welcome, Rachel. Investing is definitely something that needs more consideration.

      Reply
  40. andi
    02/10/2015 at 7:18 pm (8 months ago)

    pay off debt pay off debt – pay off debt FIRST! You’re foolish if you’re trying to invest when you got the credit card companies charging 15% (OR MORE!) interest – and a typical bank or investment account isn’t even paying a QUARTER of that! (and yes, I am 15 YEARS debt-free – so i SPEAK FROM EXPERIENCE!)
    andi recently posted…Over $30 In New Savings Available Today!My Profile

    Reply
    • Reelika
      05/10/2015 at 8:49 am (8 months ago)

      Andi, you are so right, 15% interest is very high and it totally makes sense to pay this debt off first.

      Reply
    • Reelika
      05/10/2015 at 8:46 am (8 months ago)

      That is awesome, April. This is definitely the ultimate goal!

      Reply
  41. Jen @ Frugal Millennial
    24/10/2015 at 2:07 pm (7 months ago)

    Right now I am focused on paying my student loan debt off as quickly as possible. My husband and I have calculated that we can save nearly $40,000 in interest by paying our student loans off in three years instead of 10. Neither of us are contributing to a 401(k) right now (which I’m not thrilled about), but neither of our employers offer a 401(k) match. After we are done paying off our student loans, we will start putting a large percentage of our incomes into a 401(k) or Roth.
    Jen @ Frugal Millennial recently posted…Cheap and Easy DIY Halloween CostumesMy Profile

    Reply
    • Reelika
      24/10/2015 at 7:54 pm (7 months ago)

      That sounds very reasonable plan, Jen :)

      Reply
  42. Tanya @ Mom's Small Victories
    25/10/2015 at 9:11 am (7 months ago)

    These are really great tips. We just have a mortgage right now but started investing in kids 529 plans for college. We don’t miss the money too much since the transfers are automatic but it does add up quick. Thanks for sharing with Small Victories Sunday Linkup last week. Pinning to our linkup board and hope you joined us again this weekend.
    Tanya @ Mom’s Small Victories recently posted…Travel the World in Books Readathon Oct 2015, Day 8: Favorite Characters in World LitMy Profile

    Reply
    • Reelika
      25/10/2015 at 12:08 pm (7 months ago)

      Thank you, Tanya! 529 is great way to plan for college.

      Reply
  43. SLWH
    05/12/2015 at 10:12 pm (6 months ago)

    Thanks fr sharing your insights with us at Moms Small Victories Sundays! Shandra

    Reply
  44. Laurie
    27/01/2016 at 4:35 pm (4 months ago)

    It is important to always stay up to date on your financials including your credit score. Thank you for sharing this information.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

Comment *






CommentLuv badge