Monthly Archives - March 2015

When paying off debt early is a bad idea

Living a debt free life sometimes feels like a fantasy, an ideal life that anyone would want to achieve. So paying off debt as early as humanly possible seems like it makes sense right? The hard truth is that it’s not that simple. Here are a number of scenarios when paying off debt early doesn’t make sense: Scenario 1: Savings, what savings? If you don’t have any savings, paying down debt prematurely should probably not be your first priority. Savings are your cushion against the [...]