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How to Decide Whether to Pay Off Debt or Save Money?
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[QUOTE="Rubz, post: 282289, member: 69674"] I honestly don't think one should decide to pay off one's debt or save money. The obvious fact here, is that one should definitely pay off one's debt before even thinking of saving money. I don't know how one can have peace of mind saving when one is in debt. The thing is that one would later have to pay the debt sooner or later, then why not pay off the debt first before thinking of saving. If one decides to save, instead of paying off one's debt, it's possible that the person who lent one the money would just show up unexpectedly asking for the money and one would have to use from the savings or the whole of the savings to pay off the debt depending on the amount one borrowed. So why not just pay the debt at once and have peace of mind. [/QUOTE]
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How to Decide Whether to Pay Off Debt or Save Money?
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