Better to Pay Off or Save? See with DebtDasher

Is it better to use cash to pay off debts or for savings? You have to make the call yourself in terms of what you're most comfortable doing. Having cash for emergencies is always a good idea. Being closer to debt-free feels good for most people. The mathematical answer may differ from what you believe to be best for you.

The Pay Off or Save? calculator shows you the answer in financial terms. Simply enter the cash you have available to save or use to reduce debts. Enter the annual interest rate of your debt and the expected annual return on an investment where you would park your cash for savings. The results will show you what your investment will have grown to, what the debt you could have paid off will have grown to and the difference for each of 10 years.

Buy DebtDasher with confidence that you will be happy with TedCo Software's financial calculators!