What could I do with extra money?
Compare using extra monthly money for debt, cash savings, or investing.
Looks favorable based on your numbers
Invest-first shows more modeled money
This compares ending savings minus remaining debt using the same monthly cash. Investment growth is uncertain.
Debt-first — savings minus debt
$22,111
Invest-first — investments + cash minus debt
$23,187
Cash-first — extra cash minus scheduled debt
$18,000
- Interest avoided by debt-first
- $1,325
For educational purposes only. ClearPath provides estimates and scenario comparisons based on the information and assumptions entered. Results are not financial, investment, tax, legal, or accounting advice and are not a guarantee of future results.
Your numbers
Example numbers are shown until you change them. Nothing entered here is saved.
Important assumptions & disclosures
- The same extra cash is used in each comparison. After debt is paid off, freed payments go to cash. Investing is uncertain; debt rates are assumed fixed.
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