Should I pay down debt or invest when I have extra money?

Financial theory recommends that if your after-tax return on investments is greater than your after-tax cost of debt then you should invest. Remember to consider the inherent riskiness of the investment you select (i.e. you may lose the money you invest yet still have obligations to pay back the debt). Still not sure? Use this calculator to help analyze your situation.

Want to offer FinFit to your employees?

© Copyright 2021. All Rights Reserved.

Loans subject to credit approval. Rates, terms and conditions are subject to change at any time, without notice. See Full Disclosures
WageNow is fully funded and managed by an affiliate of FinFit. See Full Disclosures
FinFit’s Financial Wellness Program, which includes educational content, a financial assessment and a financial dashboard, are free to registered members.
Services offered may incur fees and/or interest. All fees will be disclosed prior to entering into any agreements.
Products listed are a representation of FinFit offerings. Actual availability may vary. The products available to you and your organization will appear on your FinFit membership dashboard.

Privacy Notice (Sp) | FinFit Privacy Policy (Sp) | Licenses | *US Patriot Act | Website Terms & Conditions | Member Rewards Terms & Conditions
SC Consumer Rights & Responsibilities | NM Small Loan Consumer Brochure | NM Loan Rate & Fee Disclosure | Additional Information for NM Residents