Pay Off Debt or Save?

You’re making more money than you’re spending, and your savings has grown. But you also have some outstanding debts.

While it’s important to save for emergency expenses, paying your debt sooner than later may save you more money in the long run. But which is more important? This depends on interest rates on both your savings and on your outstanding debt. Use this calculator to find out if it’s better for you to pay down your debt or save your money.

The information provided in these articles is intended for informational purposes only. It is not to be construed as the opinion of Central Bancompany, Inc., and/or its subsidiaries and does not imply endorsement or support of any of the mentioned information, products, services, or providers. All information presented is without any representation, guaranty, or warranty regarding the accuracy, relevance, or completeness of the information.