One of the most common nuggets of advice dispensed by financial experts is to pay down your debt aggressively. According to this strategy, paying down high-interest rate loans and debt before saving for retirement ensures that compound interest doesn't eat up any more of your disposable funds than is necessary. In many personal financial situations, this makes sense. However, the recession of 2008 and the ongoing economic uncertainty changes the game for many Americans who are carrying debt toda...
One of the most common nuggets of advice dispensed by financial experts is to pay down your debt aggressively. According to this strategy, paying down high-interest rate loans and debt before saving for retirement ensures that compound interest doesn't eat up any more of your disposable funds than is necessary. In many personal financial situations, this makes sense. However, the recession of 2008 and the ongoing economic uncertainty changes the game for many Americans who are carrying debt toda...
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