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Save or Pay Off Debt

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Save or Pay Off Debt?

Having savings is important, especially when the savings are part of an emergency fund or a hedge against loss of income. But when you also have debt in the form of an outstanding credit card balance or loan, you might want to consider whether you’re better off using the money you have in savings to pay down debt. Use the MidFirst Bank “Save or Pay Off Debt?” Calculator to determine if you should save or pay off debt.

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