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

Penny Pinchin' Mom

The post The Age Old Question: Should You Pay Off Debt or Save? Should you pay off debt or save? So, you want to get started on debt repayment so you can focus on other financial goals? However, if you pay off these debts, there will be nothing left for investments in these tough financial times.

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Shannon & Her Husband Paid off $22,000 in 9 Months

Family Balance Sheet

Read more about Shannon’s debt free journey. What inspired you to get debt free? In January 2013 there was a blog post on Keeper of the Home that first awakened me to the concept of living debt free. We were living on one income that placed us just at the top of lower class income level.

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Find out How Acadia & Her Husband Paid off $97,000 in Student Loans

Family Balance Sheet

Just as others may struggle with staying on budget, we struggled in dealing with not having much time for each other or as a family during that time. How often do you and your spouse discuss your finances/budget/spending? This is a huge celebration for us in living debt free! What are your financial goals now?

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Find out how Anna paid off $23,605 in college, personal loans, and credit cards.

Family Balance Sheet

How often do you and your spouse discuss your finances/budget/spending? Was there something that you gave up that you will go back to now that you are debt free? I’ve been debt-free for little bit now so I’ve been happily enjoying good coffee! What are your financial goals now? There is hope!

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Meet Stacy. She and her husband paid off $20,000 in 8 Months.

Family Balance Sheet

How often do you and your spouse discuss your finances/budget/spending? We do budget together EVERY SINGLE MONTH. Because each month needs a different budget based on the circumstances you’re currently in. I carry the budget envelopes in my purse, because if Barry carried them in his pockets, that would just be weirdo.

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