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How to be smart financially with an unexpected cash - pay off debt or invest or something else?!

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  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Make the most of unexpected windfall. Clear debt first. Then realign your priorities. 
  • In that situation and those interest rates, I think I would pay off the loans (but not the mortgage) and then divert the monthly payments you're currently making on the debts into additional pension contributions in future.
    What he said!!
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