Saving for the Future While Paying Off Debt



How can you save for the future when you're still paying off the past? You've landed a good job and are finally making a decent salary. It's time to start saving for the future. Your first house, a new car, even time to save for retirement. But you also have to pay off your student loan debt and maybe some credit card debt. Here are some things to think about: First, remember most student loans and mortgages, if you have one, usually charge lower interest rates and can be tax deductible. So it may make sense to pay these loans over time as scheduled instead of paying extra to pay them off early. When looking to pay off debt, concentrate first on non-deductible debt like credit cards. This is the debt you want to pay off as fast as you can. One of the best ways to invest for the future is to contribute to your 401k or other retirement plan through work at least to the employer match if offered. Don't leave money on the table. That's because time itself can be a valuable asset. Talk with a local Edward Jones financial advisor. They can help you explore all of your options and work with you to put a strategy in place. Learn more about: Improving financial habits: http://bit.ly/2mtC77L Investing in your 20s: http://bit.ly/2me6nTy Investing in your 30s: http://bit.ly/2lWRBOD Or meet with an Edward Jones financial advisor near you to discuss your financial needs: http://bit.ly/2lPxtxI

Comments


    Additional Information:

    Visibility: 154823

    Duration: 1m 31s

    Rating: