{"id":852,"date":"2021-08-06T05:08:11","date_gmt":"2021-08-06T05:08:11","guid":{"rendered":"https:\/\/m365contenthub.wpengine.com\/?p=852"},"modified":"2024-08-27T05:33:51","modified_gmt":"2024-08-27T05:33:51","slug":"save-or-pay-off-debt","status":"publish","type":"post","link":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/budgeting\/save-or-pay-off-debt","title":{"rendered":"Is it Better to Save or Pay Off Debt?"},"content":{"rendered":"<div class=\"main-content\" data-grid=\"col-8\">\n<p class=\"c-paragraph-3\">It\u2019s a common dilemma: Should you pay off debts or save your money? Ideally, we should all do both\u2014but then the question becomes how to save money while you pay off debt. While your financial situation will require a solution that\u2019s appropriate for your expenses and goals, there are some pieces of tried-and-true financial advice that are appropriate for most everyone undertaking paying down debt.<\/p>\n<\/p><\/div>\n<div class=\"full-bleed-image\"><picture class=\"c-image\"><source srcset=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/1600x600_SaveOrPayOffDebt.jpg\" media=\"(min-width:767px) and (max-width:1600px)\" \/><source srcset=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/788x442_SaveOrPayOffDebt.jpg\" media=\"(min-width:540px) and (max-width:767px)\" \/><img decoding=\"async\" src=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/1600x600_SaveOrPayOffDebt.jpg\" srcset=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/1600x600_SaveOrPayOffDebt.jpg\" alt=\"A woman working out her finances with a calculator and a notepad in her office.\" \/>\n    <\/picture>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Get an overview of whether or not it is better to save or pay off debts with this personal finance primer from Microsoft 365.<\/p>\n","protected":false},"author":3,"featured_media":1617,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[3],"tags":[28],"class_list":["post-852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-budgeting","tag-budgeting"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is it Better to Save or Pay Off Debt? 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- Microsoft 365","twitter_description":"Get an overview of whether or not it is better to save or pay off debts with this personal finance primer from Microsoft 365.","twitter_image":"https:\/\/m365contenthub.wpengine.com\/wp-content\/uploads\/2021\/09\/800x550_SaveOrPayOffDebt.jpg","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/budgeting\/save-or-pay-off-debt","url":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/budgeting\/save-or-pay-off-debt","name":"Is it Better to Save or Pay Off Debt? - Microsoft 365","isPartOf":{"@id":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/#website"},"datePublished":"2021-08-06T05:08:11+00:00","dateModified":"2024-08-27T05:33:51+00:00","author":{"@id":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/#\/schema\/person\/6188a6f0081e9d19a81c333a370e69bd"},"description":"Get an overview of whether or not it is better to save or pay off debts with this personal finance primer from Microsoft 365.","breadcrumb":{"@id":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/budgeting\/save-or-pay-off-debt#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/budgeting\/save-or-pay-off-debt"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/budgeting\/save-or-pay-off-debt#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Microsoft 365 Life Hacks","item":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks"},{"@type":"ListItem","position":2,"name":"Budgeting","item":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/budgeting"},{"@type":"ListItem","position":3,"name":"Is it Better to Save or Pay Off Debt?"}]},{"@type":"WebSite","@id":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/#website","url":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/","name":"Everyday Life Hacks","description":"Just another Everday Hacks Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/#\/schema\/person\/6188a6f0081e9d19a81c333a370e69bd","name":"Radhika Kundanagurthi","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/1cb530f9fe06fbcd4d01b7d87a728c23?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1cb530f9fe06fbcd4d01b7d87a728c23?s=96&d=mm&r=g","caption":"Radhika Kundanagurthi"},"url":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/author\/v-radhikakmicrosoft-com"}]}},"_links":{"self":[{"href":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/wp-json\/wp\/v2\/posts\/852"}],"collection":[{"href":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/wp-json\/wp\/v2\/comments?post=852"}],"version-history":[{"count":0,"href":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/wp-json\/wp\/v2\/posts\/852\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/wp-json\/wp\/v2\/media\/1617"}],"wp:attachment":[{"href":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/wp-json\/wp\/v2\/media?parent=852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/wp-json\/wp\/v2\/categories?post=852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/wp-json\/wp\/v2\/tags?post=852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}