Financial Planning Checklist: Should I Pay Off My Debt(s)? | Bautis Financial

Not only does debt complete our finances, it complicates our emotions too. But much of the stress surrounding debt simply comes from not addressing it in the first place. It’s time to change that!

If you have questions around debt repayment, this flowchart will help. It covers important decision-making factors to consider when tackling debt, such as:

• How to maintain your emergency fund, despite any potential conflicting priorities.
• Balancing the importance of paying off debt without jeopardizing any other financial goals.
• How to identify sound rationale and motivations for paying off debt.
• How to determine the best course of action.

Using this flowchart, we hope you can have more productive conversations around debt, develop strong reasons for paying off debt, and identify the most optimal path for getting there.

If you have any questions about debt, including debt repayment strategies, we invite you to schedule a complimentary call with our team of financial advisors using the link below.

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