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Anonymous

18 Apr 2019

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Is it advisable to allocate our money to pay off debts (e.g education loan) or allocate it to our savings

Like every month have additional $300, and put as saving. Or to put this amount soley to clear off our debts

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Poon Cheng Song

02 Mar 2019

Depends on the cost of ur edu loan. If u are simply putting cash in instruments that generate less interest than ur loan, then it makes sense to pay down ur loan. Short of asking help from ur parents.

That being said, it is good to hv at least 3-6mths of ur expenses in bank for emergencies first.

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