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Prioritise · Calculator 02

Where could your next pound have the greatest financial effect?

Apply a transparent framework to cash resilience, debt, pension matching and longer-term investing.

1 Enter your figures2 Review assumptions3 Explore the result

Your figures

1. Confirm the money is available
2. Set your resilience levels
3. Compare the main alternatives

The annual cost of the debt, including interest and standard charges.

An uncertain annual return after fees and your own tax estimate.

Your entries stay in this tab and are not sent to Money Considered. A shareable link includes only the assumptions shown in its URL.

First priority in your framework

Minimum cash floorBased on the resilience levels, debt cutoff and commitments you entered.

How the financial options compare

For each £1,000, repay conventional debt has the highest annual financial rate under your figures: 18.0%, equivalent to about £180 in the first year.

That is 13.0 percentage points above invest, or about £130 more per £1,000 in the first year.

OptionAnnual ratePer £1,000
1. Repay conventional debtApproximate interest avoided in the first year18.0%£180Contractual saving
2. InvestFirst-year gain under your return assumption5.0%£50Uncertain illustration

Illustrative allocation pathway

Near-term commitmentsMoney already needed elsewhere£0
Minimum cash floor£500 gap before allocation£500
Debt above your cutoff18% APR compared with your 8% cutoff£500
Full cash target£4,000 remaining after the floor£0
Judgement zoneLower-rate debt, mortgage, cash or investing£0
Cash today0.8 months
Investment value per £1,000£1,629uncertain illustration after 10 years
Assumptions used
  • Money is available only after essentials, minimum payments and known commitments.
  • Your cash floor, full target and debt cutoff are personal inputs rather than Money Considered defaults.
  • Debt interest saved is more certain than an investment return.
  • Mortgage limits, repayment charges, pension tax and product rules are not checked.

The pathway organises the figures you entered. It does not recommend a product or claim that one allocation is universally correct.

Understand the ideas

Guides related to this calculation