Posted inJapanese Laws
Finding the Optimal Balance Between Debt Repayment and Emergency Savings
Question from a reader:
I am struggling with the priority of debt repayment. Currently, I have a debt of 100,000 yen with Company A at an annual interest rate of 13.5%, and a debt of 400,000 yen with Company B at an annual interest rate of 18%. Both my wife and I work, with my wife being a company employee and