Are you constantly in a battle to decide which one to choose between the two – paying off loans or saving for retirement?
Using money to pay off loans is a good choice. But so is taking a chunk of money from your monthly income and saving it! The former allows you to build returns and generate investments. While the latter saves you money to pay off personal loans, home loans, and budgeting loans.
So which option to choose? Read on to weigh out the advantages and disadvantages of both.
The post Loan Payoff vs Retirement Savings: What Should Be Your Priority? originally appeared at Leisure Freak.