You have an extra $1,000 -- do you pay extra to student loans or invest it in retirement? 3 scenarios examine choices. (Photo: Getty)

It’s difficult to know where to put a few extra bucks at the end of the month, especially for graduates who are trying to balance student loans, retirement savings and other expenses without coming out behind in one category or another.

But according to a Motley Fool report, although paying off student loans faster may look as if it’s the obvious choice, the smarter move may be putting that extra money (or part of it, anyway) into retirement savings.

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