ST Alpha - "I will attempt (but please someone correct if I get it wrong)." (Reading a Post)

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In response to "Can you explain that again, but this time so you actually sound like you know what you're talking about?" by znufrii

I will attempt (but please someone correct if I get it wrong).

Posted by loosilu (aka loosilu2) Jul 1 '09, 14:12

your debt is sucking money from you.

Savings pays you money.

If you pay down debt, you are merely losing less money. There is no possibility of a positive increase from paying down debt. The best you can attain is zero loss.

If you put money in savings, your money increases.

Responses:

what you're describing seems to be to be a distinction without a difference. - znufrii Jul 1, 14:18 6
- yikes. Well, - loosilu Jul 1, 14:18 5
  - what, exactly, am I missing? -- nm - znufrii Jul 1, 14:22 4
    - in one you gain, in the other you lose. - loosilu Jul 1, 14:23 3
      - So, I'm losing money by paying down debt? -- nm - znufrii Jul 1, 14:29 2
        
        no. - loosilu Jul 1, 14:31 1
        
        but that was assumed - znufrii Jul 1, 14:40
or another way to say it... - loosilu Jul 1, 14:13

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I will attempt (but please someone correct if I get it wrong).

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