Pathfinder Worksheet: Should I Pay Off My Debt(s)?

We’d all like to pay off our debts whether to improve cash flow, save on interest expense, or for other personal reasons. But when should we actually allocate our resources towards paying off debt? Before deciding, it’s important to consider emergency funds, upcoming expenses, tax consequences, personal motivations, and alignment with our long-term goals.

The flow chart below will help you navigate your options when contemplating to pay off debt, refinance, consolidate, or refrain altogether. The QA Team is here to help you plan for this decision as well. If you have any questions or would like to discuss this topic further, please don’t hesitate to contact your QA advisor. If you’re new to QA, please click here to connect with us.


Associate Wealth Management Advisor




This document has been prepared by fpPathfinder LLC and is furnished to you by QA Wealth Management, a division of Quantitative Advantage, LLC (QA), under license from fpPathfinder. While QA believes that the information in the document provided by fpPathfinder is reliable, QA does not guarantee that the information is accurate, complete, or current, and is not responsible for any loss caused or alleged to be caused directly or indirectly by the information.

QA and its wealth management advisors do not provide legal, accounting or tax advice. Our advisors have general knowledge of certain matters included in this information, but individual situations may require the advice of licensed legal, accounting and tax professionals.

For more information about QA, its investment programs, fees, and the risks associated with the investments which QA may make or recommend, please review QA’s Form ADV disclosure brochure, which is available at