Home & Family Finance Resource Center
Wednesday, November 25, 2015
Calculator: Should I Pay Off Debt or Save
What to do with money always involves choices, some easier to make than others. The trade-off between
paying off credit and adding to savings is easier to see when you use this calculator.
Remember to save on credit, too, by using the low cost lender—your credit union—whenever you borrow. And you win on the other side of your personal balance sheet by adding to savings at the credit union—your source for high yields.
Provision of this calculator is not an offer of credit. Its use in no way guarantees that credit will be granted. This calculator is solely for informational purposes and provides reasonably accurate estimates; the calculations are not intended to be relied upon as actual loan computations.