A 3% loan used to look like something worth attacking with every spare dollar. Today, the decision deserves a closer look because keeping a cheap loan can sometimes make more financial sense than rushing to eliminate it.
The reason comes down to what that money could do somewhere else, whether that means sitting in savings, reducing more expensive debt, or staying available for life’s inevitable surprises. Paying off debt still feels fantastic, but feelings do not get to do all the math.
