Cash and Coffee | Pay Off Debt First or Invest Now? Breaking Down the Numbers
Should you invest while paying off debt, or focus on becoming debt-free first? On this episode of Cash and Coffee, hosts Emma Watts and Kayla Tenboer-Sipes break down one of the most debated topics in personal finance.
Using real numbers and a clear example, they compare two strategies: splitting money between investing and debt payments, or putting everything toward eliminating debt first. What seems like a balanced approach may actually cost you more in the long run.
With a $60,000 income, $29,000 in debt, and monthly decisions between investing $500 or applying it toward debt, the results…
The skinny
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