Making the most of your next dollar

BlackRock
Door juni 26, 2019 07:59

Making the most of your next dollar

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Save for the future or pay off debt? Deciding how to effectively use your extra income isn’t as simple as you think.

We all have bills and expenses like rent and groceries that we must cover each month. That’s just a part of life. But what do you do with your next dollar after taking care of the necessities?

Assuming you don’t just spend it, your choices can be bucketed into two priorities: saving for the future or paying down debt. The consequence of these needs isn’t small either.

The truth is 45 million American borrowers hold $1.5 trillion in student loans1, and 40% of people can’t pay a $400 unexpected expense.2 Combine that with a U.S. retirement savings shortfall projected to reach $137 trillion by 20503 and the answer of what to do with your next dollar is far less clear.

Set yourself up for success first

Before you

BlackRock
Door juni 26, 2019 07:59

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