A common question from clients is ‘Should I use my money to reduce debt now or should I start investing and saving first? Can I do both and at what cost?’ A plethora of self-help books and information online either declare debt as a deadly sin or heaven-sent. Let’s look at possible ways to think about it.

Instead of spending the cash all at once, consider saving it, investing it, or donating it to charity.

Having children forces you to reconsider the ways you spend your money.