@cbarugahare: Post 8: lf l have a loan, and l have some money, should l pay the loan first or invest? expert weighs in. @FinanceLIP #moneylessons#personalfinances#financialliteracy#investing#MoneyTipsUganda

mosesomunyokol :

The choice depends on which options yields more. If interest on the loan is higher than what you earn on the investing the money, then it’s financially safer to pay off the loan. If loan interest is 22% and unit trust pays 13% . If you can invest on a business that pays more than 22%, then keep then don’t pay the loan