Should You Focus on Investment or Paying off Debt?

When you’re dealing with debt, such as student loan debt, you may be wondering if paying off that debt or investing your money will help you reach your financial goals faster. A good way to start is to discuss your options with your credit union, so you understand how different approaches can work for you.

Watch this video to learn more about investing for retirement and paying off debt. Although a balanced approach is important, there may be more benefits to prioritizing investing in retirement savings than in paying off debt faster.

GCS Credit Union is here to help our members make the most of their money, so that it works for them. For more information about credit union in O’Fallon, including checking accounts and auto loans, call (618) 797-7993.

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