Personal Narrative: My Personal Debt

432 Words2 Pages
In this situation, I have recently graduated with my business degree and have landed a new position at a company I had been researching during my senior year in college. I have been offered a lump-sum, sign-on bonus of $5,000 and have also recently purchased a new condo and car. My personal debt is comprised of these two new purchases as well as my student loans. When considering my debt reduction and investment earnings potential and any applicable taxes I would personally choose to invest the $5,000 sign-on bonus and pay down my debt. In this example, tax rates are stable over the next 10 years and inflation is low and does not change. With this in mind, I would think it would be beneficial for me to invest some of this money as well pay