Hold savings or pay down debt?

Status
Not open for further replies.

RMCF

Registered User
Messages
1,432
Wondering in this type of economic climate, with the possibility if a Euro breakup or Ireland leaving the Euro, is it generally considered better to hold on to your savings or use them to pay off your debt?

The only debt I have is mortgage debt.

I know the savings rates are not great at present, but always like the idea of having money to fall back on. Both parties in the house are in full time employment. One in private sector in NI, other in public sector in Ireland.
 
Status
Not open for further replies.
Back
Top