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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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Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Hello and welcome to the 316th Carnival of Personal Finance- Family Edition. Big Cajun Man from THE Canadian Personal Finance Site asks What is Your Financial Plan B? Ken from Spruce Up Your Finances asks Need A Down Payment For Your House? Bob from Christian Finances asks Is it time to go on a cash diet?

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Cool Things I Read This Week

Prairie Eco-Thrifter

RT @ wisebread Houses You Can Build Yourself | Wise Bread [link] Going to consider this if we decide to change residence. #. Reader Asks About Selling Home to Pay Off Debt – [link] I agree. Prairie Eco-Thrifter has Been Featured in the Carnival of Personal Finance # 297 [link] #. 0 saves Save.

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Create your debt freedom plan

Family Balance Sheet

Our personal finances are so interwoven with our small business finances that we view them as one. The point of the starter emergency fund is to get you through until you pay off your non-mortgage debts, at which point, you build a more extensive fund. Pay off all Non-Mortgage Debt.

Debt 130
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Emergency Funds: Emergencies Happen When You Least Expect It

Family Balance Sheet

We spent the next couple of years building our savings back up, but I am now thinking that it needs to be increased. Three to six months living expenses used to be what the personal finance experts recommended, but in today's environment, maybe six months to a year is more prudent. How Much Do You Need in an Emergency Fund?

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Over 40 and Worried about Money? Start here!

Family Balance Sheet

But for our own safety net, we must make our finances a priority. We charted out our course of action to pay off debts and start saving for retirement. It’s taking forever for us to accomplish the step we’re on (paying off our non-mortgage debt), but we keep plugging away. It is a lot.

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What Is A Personal Loan?

Savings Corner

Key takeaways A personal loan is money you can borrow to finance large purchases, consolidate debt, invest in yourself or cover emergency expenses. Working to improve your credit score and reduce your debt-to-income ratio before applying can help get you the best loan terms. You will also start to repay the money.

Debt 52