"Next recession could rival the Great Depression, warn experts", page-31

  1. 1,232 Posts.
    lightbulb Created with Sketch. 101
    When you say, "best to pay down debt", what do you actually mean?

    Home owners are continually "paying down debt".

    Are you meaning, a balanced approach to paying down debt, cause that may mean to continue at the same rate to pay off your debt whilst you can continue to build or maintain your cash reserve or savings.

    It is important to have cash reserves and not just "pay down debt".

    The last thing you would want to do is pay down extra debt and not have any cash in reserve.

    Excessive debt, equating to excessive expenditure or over extending ones position would be more the concern?
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.