After graduating with $47,382 in combined student loans and credit card debt, I spent 18 months testing both the debt avalanche and debt snowball methods. The results surprised me and led to a hybrid strategy that saved me $3,200 while keeping me motivated.
Tag: debt payoff
Personal Finance
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Should You Pay Off Student Loans or Invest? A Data-Driven Calculator
I stared at my student loan balance in 2018-$47,000 at 6.8% interest-while my Roth IRA sat nearly empty. Eight years later, the decision I made then has compounded into a $68,000 difference in my net worth, and the path I chose might surprise you.