Finance: This Time It's Personal

Editor's Views: Whether you prioritise paying off debt over investing, the decision has to be right for you - and allow you to sleep at night

Holly Black 16 October, 2020 | 11:09AM

Woman with megaphone

Debt has been something of a theme here at Morningstar this week. We’ve looked at whether you should accept the higher credit card limit your bank offers out of the blue, how best to pay down your debt, and spoke to one reader who is prioritising her investment pot over her mortgage.

The clue in personal finance is in the name: it’s personal. That means, ultimately, there is no right or wrong answer. What’s right for me, might not be right for you – it depends on an endless array of factors such as your risk tolerance and your overall goals.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

About Author

Holly Black  is Senior Editor, Morningstar.co.uk

 

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