If you have debt and are unsure whether to invest, you’re not alone. An estimated 77% of Americans are tackling debt, with 45.4% burdened by high-interest credit cards, yet we all know investments need time to grow.
So how do you balance these financial goals?
Is it possible to chip away at debt while also building wealth?
This dilemma is common. By considering the benefits and consequences of each action, you can determine which choice is best for you. Remember, personal finance is just that: personal. While other “experts” may tell you to put investing on hold until you’re completely out of debt, there are always exceptions to the rule.
This post originally appeared at The Budget Mom.