- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Debt management
@mk617 if you are making money in the (stock) market, when you access this money to pay down debt this will cause a tax liability, probably. Which means you will be paying tax on this money (again) and to pay down debt this way is not optimal. I would advise leaving your invested money alone and not invest anymore (if you are) and use it instead to pay off debt.
It is preferable to increase income or cut expenses in order to pay off debt.
‎January 28, 2020
1:28 PM