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Small Money Mistakes That Have Big Consequences

Prairie Eco-Thrifter

I’m sure everyone can name many little things that have more meaning than a big event in their lives. Having Multiple Credit Cards Buying with credit cards leads to spending more than you earn and we all know where that leads. Don’t forget to enter to win an iPad 3 here at PET.

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

Penny Pinchin' Mom

This is why you should pay off your high-interest debts like credit cards first. The best way to get out of existing debt when your credit card balances are high is to stop charging them and live within your limits as you pay them down. Hidden in the terms might be clauses with penalties for early repayment.

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Are You Prepared For An Emergency?

Prairie Eco-Thrifter

This emergency might be one related to a natural disaster, or it might be a financial emergency, such as a job loss. While you can never be completely prepared for the toll an emergency takes on you, it is possible to limit the harm done by an unexpected turn of events. Credit card with an adequate limit.

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Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

We paid off over $147,000 in debt (actually way over that amount, if you want to count a $210,000 rental property that I sold at a slight loss.) About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) Was there a particular event? The rest was our house.

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Find out how Jessica paid off $56,000 of student loans, credit cards, and a car loan.

Family Balance Sheet

I had $29,000 in MBA student loans, $14,000 in credit cards, and $13,000 in a car loan. 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?