Calculator: Should I Pay Off Debt or Save
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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.
This calculator is solely for informational purposes and provides reasonably accurate results; the calculations are not intended to be relied upon as actual savings results computations.
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Published November 11, 2000
Federally Insured by NCUA. Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.
