What are debts or loans?

These are the monthly payments with which you repay a loan or debt, including interest. The amount is usually fixed and follows from your agreement with the lender.

Think of:

• Student debt.
• Personal loan or revolving credit.
• Credit card debt.

When determining your room to invest, these count as fixed costs. At high interest rates, repaying is often wiser than investing; run your situation through the buffer calculator.