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

Penny Pinchin' Mom

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. You are one emergency short of losing track of your finances. From a personal point of view, I much prefer living debt free.

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

Family Balance Sheet

In order to maintain our debt free lifestyle, we pay cash for everything. We rarely use a credit card and if we do, we pay it off right away. We save and try to manage our finances, but do so with an openness to give money away as well. Who handles the day-to-day finances in your home or do you work on it equally?

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