BOA – Pay down debt or save? 5 questions to help you decide HS

Pay down debt or save? 5 questions to help you decide

You probably know that carrying too much debt for too long isn’t good for your finances. And you may also know that you should have money put away for emergencies and other important goals. So how do you decide what’s more important—paying down debt or building up your savings?

Read this short lesson, then return here to answer a quiz question to continue!

About Kevin Smith

Kevin is the content manager for Personal Finance Lab and is from Chicago, Illinois. He has a Master's Degree in Economics from Concordia University in Montreal, Canada. In addition to an economics background, he has also built training manuals to prepare finance companies for licensing requirements in mortgage loan origination and insurance sales.