Opportunity Cost 2

When deciding how to spend, save, or invest your moola,

The money advice you hear can pose arguments about what the optimal choice is. Do you pay down your debt with the highest interest...

or pay the debt you can actually pay off the fastest?

Do you wait for that big tax refund,

or have less taken out of your paycheck every month?

The answer? Are you going to actually save or invest the little extra you get in your paycheck every month or are you more likely to just spend it than you would that big tax refund?

Will watching one debt totally disappear be motivating for you and keep you pumped to pay the next debt, even if you are paying more in interest in the long term?

Sometimes the best choice is the one that will keep you pumped to reach or money goals, or make it easier to make good money choices. Sometimes actually doing something that is good is better than debating about what is optimal.