Payoff Debt or Save?
Compare the difference between saving money and paying off your debt. It's good to have
an emergency or "rainy day" fund but once you have that, it usually makes sense to pay
down debt - especially when the debt's interest is high. Below, enter the amount of cash
you currently have available to use either toward investment or reducing debt. Then Enter the
annual interest rate on your debt, your expected annual return on the investment you
are considering, and click the Calculate button.