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
extra payment vs invest
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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 futureVictor - Knowledge is a blessing or a curse, your current circumstances make you decide!
Solar pumping, Solar Geyser & Solar Security lighting solutions - www.microsolve.co.za -
It's normally best to put it into reducing the debt with the highest interest rate.Participation is voluntary.
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