Pay Off Debt, Save or Invest? Putting Your Money Priorities in the Right Order

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About Course

When you have some spare money each month, should it go on clearing debts, building savings or investing for the future? This course gives a practical order of priorities based on MoneyHelper guidance, with worked examples comparing interest rates, building an emergency fund and making the most of a workplace pension.

This course gives general information about money priorities in the UK as at November 2026. It is not financial advice. Interest rates in the examples are illustrative. For help with your own situation, contact MoneyHelper, a free debt advice service or a regulated financial adviser.

© 2026 Tutwoo UK Limited. This course was created in-house by Tutwoo and is our original work. It is for your own learning only: please do not copy, share, record or resell it.

What Will You Learn?

  • Understand why expensive debt usually comes before saving
  • Know which debts are priority debts and why they come first
  • Build an emergency fund at the right time and size
  • Decide when investing and extra pension saving make sense

Course Content

Course Lessons

  • Why expensive debt usually comes first
  • Building an emergency fund
  • Pensions and investing: when the time is right

Sources & Further Reading
The official guidance this course is based on.

Final Assessment

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