Pay Off Student Loan Debt Early or Invest?

by Paige Estigarribia
Pay Off Student Loan Early or Invest photo

You’re making your scheduled student loan payments and have even started investing a bit. But where should you put extra money? We get expert advice on how to determine whether it makes more financial sense to pay down student loan debt or invest that extra cash.

Student loan debt is a looming issue in the U.S. Whether you’re setting up a payoff plan or you’ve been paying your loans for years, you’ve likely wondered about paying them off early. If you paid them down early, what else could you be doing with that money?

To get some ideas on paying off student loans and investing, we reached out to Ben Wacek, owner of Guide Financial Planning, a Minneapolis-based financial planning firm. Here’s what he had to say:

Q: What are popular stores or places that carry stylish and functional accessories at reasonable prices?

Lisa: Here are my top favorites:

RocksBox! This is a relatively new find of mine, but it's great for stylish ladies on a budget. RocksBox provides a genius new subscription program that allows you to borrow three pieces of gorgeous jewelry each month, which you can then exchange at any time for three new pieces of jewelry.

If you'd prefer to purchase items instead of "borrow" them, try Purple Peridot.

Boss Lady Tip: Many of these retailers sell great looking jewelry, but the metals are not waterproof and even the oils in your skin might dull them over time. I find that a light coating of Krylon Crystal Clear Acrylic Coating Spray does wonders for extending the life of your non-precious metal jewelry.

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Q: What are popular stores or places that carry stylish and functional accessories at reasonable prices?

Lisa: Here are my top favorites:

RocksBox! This is a relatively new find of mine, but it's great for stylish ladies on a budget. RocksBox provides a genius new subscription program that allows you to borrow three pieces of gorgeous jewelry each month, which you can then exchange at any time for three new pieces of jewelry.

If you'd prefer to purchase items instead of "borrow" them, try Purple Peridot.

Boss Lady Tip: Many of these retailers sell great looking jewelry, but the metals are not waterproof and even the oils in your skin might dull them over time. I find that a light coating of Krylon Crystal Clear Acrylic Coating Spray does wonders for extending the life of your non-precious metal jewelry.

Q: What are popular stores or places that carry stylish and functional accessories at reasonable prices?

Lisa: Here are my top favorites:

RocksBox! This is a relatively new find of mine, but it's great for stylish ladies on a budget. RocksBox provides a genius new subscription program that allows you to borrow three pieces of gorgeous jewelry each month, which you can then exchange at any time for three new pieces of jewelry.

If you'd prefer to purchase items instead of "borrow" them, try Purple Peridot.

Boss Lady Tip: Many of these retailers sell great looking jewelry, but the metals are not waterproof and even the oils in your skin might dull them over time. I find that a light coating of Krylon Crystal Clear Acrylic Coating Spray does wonders for extending the life of your non-precious metal jewelry.

Q: What are popular stores or places that carry stylish and functional accessories at reasonable prices?

Lisa: Here are my top favorites:

RocksBox! This is a relatively new find of mine, but it's great for stylish ladies on a budget. RocksBox provides a genius new subscription program that allows you to borrow three pieces of gorgeous jewelry each month, which you can then exchange at any time for three new pieces of jewelry.

If you'd prefer to purchase items instead of "borrow" them, try Purple Peridot.

Boss Lady Tip: Many of these retailers sell great looking jewelry, but the metals are not waterproof and even the oils in your skin might dull them over time. I find that a light coating of Krylon Crystal Clear Acrylic Coating Spray does wonders for extending the life of your non-precious metal jewelry.

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Q: What are popular stores or places that carry stylish and functional accessories at reasonable prices?

Lisa: Here are my top favorites:

RocksBox! This is a relatively new find of mine, but it's great for stylish ladies on a budget. RocksBox provides a genius new subscription program that allows you to borrow three pieces of gorgeous jewelry each month, which you can then exchange at any time for three new pieces of jewelry.

If you'd prefer to purchase items instead of "borrow" them, try Purple Peridot.

Boss Lady Tip: Many of these retailers sell great looking jewelry, but the metals are not waterproof and even the oils in your skin might dull them over time. I find that a light coating of Krylon Crystal Clear Acrylic Coating Spray does wonders for extending the life of your non-precious metal jewelry.

Reviewed July 2021

About the Expert

Ben Wacek is a Minneapolis, MN  Fee-Only Financial Planner serving clients locally and across the world using virtual meeting technology. He specializes in providing objective financial planning and investment management services using Biblical principles to help clients steward their resources in a meaningful way. Ben Wacek is a NAPFA-Registered Financial Advisor and a Certified Financial Planning™ Professional.

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We can help you gain control of your finances and live better...for less.

Subscribe to Financial Independence, our daily email newsletter. It doesn't cost anything. And, it could make a huge difference in the way you live!

Debt ChecklistSubscribers get Are You Heading for Debt Trouble? A Simple Checklist and What You Can Do About It for FREE!

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