This hinges on the kind of debt you’re holding and whether the rate is fixed or floating.
If your debt has a fixed interest rate—great. You know what you’re dealing with. If it’s floating (tied to a base rate), you’re gambling that rates will come down, which adds risk.
If the rate is around 4.6% and fixed, the Donegans might lean toward:
✔️ Set payments to minimum,
✔️ Invest the rest,
✔️ Build up a pot to pay it off later if needed.
But again—math + risk appetite + timeline = your strategy. Use your emergency fund as a buffer. Then choose based on whether you’re investing for long-term growth, or eliminating known costs now.