Debt Management Archives - Financial Staples

HomeTagDebt Management Archives - Financial Staples

When I purchased my first home, I thought I was prepared for homeownership. I did extensive research and prepared myself financially for the responsibility. I was an aggressive saver and my only debt was student loans (of less than $5,000). After buying my first home and owning it for nine years, I learned many invaluable lessons that showed me I wasn’t truly prepared for homeownership.

I often hear the same questions about financial priorities: Should I pay off debt before I save, or is it possible to do both?  How much should I invest in my company’s 401(k)? When does it make sense to contribute to a Roth IRA? Whether you’re just starting in your career or finally at the point where you have more coming in than going out, it’s helpful to know how to prioritize saving, investing, and paying off debt.

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Copyright © 2020 Financial Staples, LLC. All Rights Reserved.

Copyright © 2020 Financial Staples, LLC. All Rights Reserved.