Newspaper Article Archive of
West Seattle Herald
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Newspaper Article Archive of
West Seattle Herald

February 21, 2017 What's Smarter -- Paying Off Debts or Investing?
Article Pages -- as published on the West Seattle Herald website.

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ARTICLE DESCRIPTION:

Sponsored by Sarah Cecil

If you’re just starting out in your career, you will need to be prepared to face some financial challenges along the way – but here’s one that’s not unpleasant: choosing what to do with some extra disposable income. When this happens, what should you do with the money? Your decisions could make a real difference in your ability to achieve your important financial goals.

Under what circumstances might you receive some “found” money? You could get a year-end bonus from your employer, or a sizable tax refund, or even an inheritance. However the money comes to you, don’t let it “slip through your fingers.” Instead, consider these two moves: investing the money or using it to pay off debts.
Which of these choices should you pick? There’s no one “right” answer, as everyone’s situation is different. But here are a few general considerations:

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