Prioritizing financial goals is one of the hardest things in personal finance. Should you pay off all of your debt before investing? Should you save for a home or a child’s education? How much should you save for emergencies?
The challenge with these questions is twofold. First, they don’t have just one right answer. There are a range of reasonable answers. And what’s reasonable for one person may not be reasonable for another. Second, the “best” answer often depends on knowing the unknowable—the future.
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