Should You Save for Retirement or Pay Down Debt First?
When you have multiple financial priorities, it can be difficult to balance them all. Not only do you need to worry about paying all the bills on time, but you may also have to think about paying off debt and saving for retirement.
If you have some extra cash at the end of the month, you may choose to put it toward one of your financial goals. There are advantages and disadvantages to both saving for retirement and paying down debt, but in some cases, it pays to choose one goal over the other.
Image source: Getty Images.
Source Fool.com