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Thread: extra payment vs invest

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    Full Member andrecv's Avatar
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    extra payment vs invest

    Hi everyone...i have R3000 extra on my salary starting April, should i rather invest it monthly or pay extra on debt with interest rates of 32.10(R99000) and 15.3(R71000) respectively...pls dont tell me i should consult a financial planner...thanks

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    Diamond Member Justloadit's Avatar
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    Always get rid of your debt first. Interest rates are usually very high.
    Then don't get into debt in the future
    Victor - Knowledge is a blessing or a curse, your current circumstances make you decide!
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    Site Caretaker Dave A's Avatar
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    It's normally best to put it into reducing the debt with the highest interest rate.
    The trouble with opportunity is it normally comes dressed up as work.

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    Diamond Member AndyD's Avatar
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    I'd agree, pay the high interest debt, you won't get anything like that return unless you invest high risk.
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