Posted on November 5, 2009 at 12:09 am Which of these two options would be the wiser thing to do: pay debt, or invest on your savings?Share your thoughts here!

Posted on November 5, 2009 at 1:14 am PAy debt or invest? Hmmm. I would have to say invest first. How would I be able to pay debt if I didn;t have savings??

Posted on November 5, 2009 at 1:27 am The answer to the question "pay debt or invest" depends on your current financial situation. I've found an interesting calculator that can help you determine what the best course of action is: http://calculators.aol.com/tools/aol/budget04/tool.fcs

Posted on November 5, 2009 at 1:33 am I think it all begins by setting a workable and feasible budget for you. Before you can even think about making an investment, you have to make sure that you have spare cash. Which is why having a disposable income is important. Allot specific amounts to all payables accordingly. Not having a set budget will greatly affect your spending power and in effect your credit.

Posted on November 5, 2009 at 2:07 am Pay debt or invest?I'd rather pay my debt first. Debts are a priority and as such need to be taken care of in the soonest possible time. Investments can come later. I consider investing as a way of personal gratification. I'd rather deny myself of that first.

Posted on November 5, 2009 at 2:14 am Wondergurl, what exactly is a disposable income, and how can it help me in deciding between to pay debt or invest?

Posted on November 9, 2009 at 1:47 am Disposable income refers to monies that come after taxes and are allotted for bills and savings. It's tough to save if your disposable income all goes towards bills because evidently, you won't be able to save. In the case of choosing between to pay debt or invest, the amounts that you pay towards the bills that you need to pay will determine whether you have any amount left over for investment purposes.

Posted on November 9, 2009 at 7:42 pm Is math usually the first place we put our money is the checking account great 0% Then we go the free saving from the bank 1 or 2% interest ok But let be adventurers take risk you live only ones, talk to a broker  3 4 7 9%  after taxes after brokers fees not much left and no guarantees. On the liability side now you are paying interest Your mortgage  6 %  and you wanted to do it for 30 years car loans 8% only five years Credit Cards 12%  18%  Chase  32%  for ever till you die You don't pay debt you invest into debt  is tax free, 0 risk and make sense. The answer my friends is blowing in the wind,  we just don't see it.    Too much advertising  "Visa and Mastercard, priceless....

Posted on November 9, 2009 at 9:07 pm Huh? I don't quite understand what that means...