I have another special treat for you all today! We have a guest post from Jen Smith answering the question: Should You Invest While in Debt?
The thought of investing while in debt often takes a backseat to all the other decisions we have to make.
It’s hard enough to figure out which debts to pay off, and in what order. Then you have to figure out where you’re going to get the money for them. At the end of the day, most of us want to buy a bottle of wine with our money, not think about retirement.
But time doesn’t stop while you’re in debt. There’s a lot of debate about what you should prioritize when you should do one if you should do the other. It’s easy to get confused, and confused people usually don’t act at all.
Don’t be confused! It’s really not that difficult. I promise. There’s a lot of information, and there are a lot of money management resources, but the bottom line is: You get to do what works for you. The only thing you can’t do is stand still because if time won’t, you can’t either.