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The Age Old Question: Should You Pay Off Debt or Save?

Penny Pinchin' Mom

Should you pay off debt or save? Advantages of Paying Off Debt From a purely financial point of view, it makes more sense to focus on debt payoff rather than directing available cash to a savings account. From a personal point of view, I much prefer living debt free.

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Find Out How Olivia & Her Husband Paid off Their Mortgage in 33 Months

Family Balance Sheet

Today’s Debt Free Story is from Olivia. What inspired you to get debt free? There were two things that inspired us to pay off debt. Did you follow a particular debt freedom plan or book, such as Dave Ramsey or Debt-Proof Living? We did follow Dave Ramsey’s 7 Baby Steps to becoming debt free.

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2012 Financial Goals

Family Balance Sheet

Four hours of uninterrupted time is a luxury, so we took advantage of it. Increase Family Emergency Fund to Six Months Salary. The kids were in the back seat watching a movie and we were in the front seat reviewing 2011 and strategizing for the upcoming year.