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4 September, 00:24

The effect of saving for a holiday by investment compared to paying off a holiday loan?

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  1. 4 September, 00:40
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    The effect of saving for a holiday by investment compared to paying off a holiday loan

    Explanation:

    It is better to paying off a holiday loan compared to saving for a holiday.

    Simple math suggests it's probably better to pay off debt rather than adding to your emergency fund, or, for that matter, saving for other, more distant concerns, such as holiday. If you're paying more interest than you're earning in interest, you're losing money.
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