Thread: extra cash
View Single Post
  #3  
Old 07-30-2008, 04:43 PM
trent trent is offline
Senior Member
 
Join Date: Jun 2008
Posts: 387
Default

If you put your savings in the bank, then you will lose money as real interest rates are negative - your savings are eaten by inflation. Repaying debt is always a good idea especially if this is the so-called bad debt (usually consumer debt). If you are debt free you can invest the money in your own business (if you have one of course) or you can invest in somebody else's business.
__________________
No debt
Reply With Quote