How to Pay Down Debt - Eliminate Debt or Invest
Should I use extra money to pay down debt immediately or invest it until there's enough to pay off the debt at once?
See if it's better to pay down debt or invest your extra money until it can pay off the debt all at once. Will you pay more interest on your loan or earn more on your investment? Enter the information about your debt and investment and this calculator will show you how to lower debt the faster by showing what happens if you pay down debt first or put it into an investment until it grows to the pay off debt amount.