Money

Where should your next dollar go?

A planning tool for this question is being built. It will take your age, your retirement age, your debts and your surplus, and let you compare different orders of priority to see what each one produces. It is not finished, and putting up something half-right about money is worse than putting up nothing.

Coming soon. The question is: given spare money each month, does it go at a debt, at the mortgage, into super or into investments, and in what order? The answer depends on your age, how long until you retire, and the rates you are actually paying, so a ranking by interest rate alone does not settle it.

What is being built runs your numbers month by month to your retirement age, cascades each freed repayment onto the next target as debts clear, and reports what each order produces. It will not recommend an order. You choose, and it shows you the outcome.

In the meantime the tools below each answer one part of it.

More money tools