Penny Pinchin' Mom
DECEMBER 17, 2023
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. If there is such a clause, you should compare the amount payable to what you are about to save from interest to determine if paying off the debt is an overall gain or loss.
Prairie Eco-Thrifter
SEPTEMBER 15, 2014
I hate to be taken advantage of in a financial transaction, just as I did when poorer. Knowing I had the financial backing to live through negative life events (divorce, job loss, catastrophe, etc) removed a level of stress from my life. I still think twice about spending money and I still shop for the best bargain.
Family Balance Sheet
APRIL 12, 2016
It took me five years to pay off my debt but two of those years I had a job loss, I was taking care of my grandparents and I had lost my motivation and drive to pay off the debt. Was there a particular event? I had planned to pay it all off in 2.5 What inspired you to get debt free? She was so meticulous with her money.
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