Reported 1 day ago
A 27-year-old Canadian with $12,000 in debt and limited savings posed the dilemma of prioritizing homeownership or debt repayment on Reddit. The consensus favored paying off high-interest credit card debt first, as it accumulates interest faster than the car loan. Suggestions included working a side gig for extra income and investing savings wisely while waiting for a home-buying opportunity. This approach aims to improve financial stability before making a significant investment like purchasing a house.
Source: YAHOO