Interest rates are up: Should you pay down your debt now? | Money Talks

The US Federal Reserve has raised interest rates, prompting questions about what higher borrowing costs could mean for Singapore households and whether spare cash should go towards paying down debt or investing. MoneyOwl's Chuin Ting Weber joins Andrea Heng to explain how to think through that decision and why paying down debt can sometimes leave you with less liquidity when you need it most. Highlights: 00:00 Intro 00:57 Pay debt or invest instead? 02:27 Good debt versus bad debt 04:37 The four Rs framework 06:00 Why repaying debt carries risk 07:56 Do higher interest rates matter? 15:23 How much emergency cash to keep 17:20 Debt decisions in your 30s and 40s 21:19 Should you retire debt-free? ======== #MoneyTalksPodcast #interestrates #debt #personalfinance Subscribe to our channel here: https://cna.asia/youtubesub Visit our website: https://cna.asia Download our app: https://cna.asia/app Get our editors' picks of stories via chat apps: Telegram: https://cna.asia/telegram WhatsApp: https://cna.asia/whatsapp Follow us on these platforms: https://www.facebook.com/channelnewsasia https://www.instagram.com/channelnewsasia https://www.tiktok.com/@channelnewsasia