One of the questions that bothers a lot of people is whether they should invest their savings or use them to pay off their outstanding loans. I have encountered a few cases where a significant amount of money was kept in a savings account that was yielding 2.5-3.5% returns while an outstanding loan costing 8-9%. Most of the time, it’s because of indecision regarding the usage of money and a lack of understanding about compounding.Ideally, staying…