No. of Recommendations: 1
A fool columnist recently sent me some figures showing that it is three times harder to pay off $1,500 in than it is to save $1,500 in a given time.


This has been my experience exactly. It's way easier for me to save than to pay off debt.

I'm sure it has to do with the interest working against you in the debt and for you in the investment. It probably also has to do with the fact that it's easier to use a credit card then to cash our an investment. So, people keep heaping on more debt, which makes it harder to pay off.

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