Question

Jeremy has been out of school for two years, has a good job, and recently got a raise. He is excited about investing and always puts part of his check into savings. Although he was $6,500 in debt left to pay, he is making more than the minimum payments and should be debt-free in 15 months. Should he continue to save or pay off his debt?

Answer 1

Answer:

Jeremy has to continue to save.

Explanation:

• Jeremy should keep saving his money.
• In case a situation arises, he needs to keep saving his resources and he needs the money for something else than he has got into trouble.

• Jeremy will adhere to his spending strategy to pay off his loan within 15 months.
• by follow these process he will continue his saving as well as repay the loan also .