Hello there! I’m 26 and decided to finally take finance seriously. I’m currently $18000ish in debt. I dumped my RRSP ($6000ish) to get it down to there. I don’t think this was the best decision in the long run. I’ve heard saving while in debt costs your money because the interest would cost you more over time than the interest. However my question is, if I’m saving and also investing would it make sense is my investments offset my interest charge and I take a little longer to pay the debt off?
Thanks in advance!
Slim
Submitted February 02, 2021 at 02:23PM by xslim27 https://ift.tt/3cyF0xe
