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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. Doing this actually gave me the peace of mind that I needed to focus on my financial goals.

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Find out How Brian & His Wife Paid off $109,000 in Credit Card Debt

Family Balance Sheet

It was all consumer debt spread over 5 credit cards. With those principals in mind, we enrolled in a debt management program (DMP) through our local credit union and reduced our interest rates on all of our credit cards and began paying them off. We cut up our credit cards and never used them again.

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What Is A Personal Loan?

Savings Corner

One of the biggest benefits of a personal loan is that they often charge lower fixed interest rates when compared to other forms of lending, like credit cards. How a personal loan works A personal loan is money you borrow from a bank or other financial institution with a set repayment period and consistent monthly payments.

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3 Simple Ways to Teach Kids About Saving Money

Couponing 101

But there’s one thing that a lot of parents forget that their kids will absorb: financial habits. adults have credit card debt, kids might not be learning the best financial lessons to set them up for future success. Work on Setting Goals. Since an estimated 55% of U.S.

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How to Manage Different Investment Risk Tolerances Between Spouses

Prairie Eco-Thrifter

You may not even be aware that you each have different perspectives on what risk is or how much to take when you invest. He pays off his credit card BEFORE the statement comes! Set your financial goals. In order to meet some financial goals, you must take some level of risk.

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How to Save Money Fast – My Top 20 Tips

Penny Pinchin' Mom

Whether you are looking to save extra money for your emergency fund and potential unexpected expense, a new kitchen, or your kids’ college tuition—you name it—you will require self-discipline and a plan to reach any financial goal. This is how you learn more about each bad spending habit you may have. That is money saved.

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How We Frugal-ed in June 2023

Family Balance Sheet

My goal has always been to live well on less while achieving our big financial goals. This update includes how we frugal-ed in April, May, and June. We are in what I call our “shovel season of life” Our oldest daughter leaves for college in the fall of 2024 and we have a big savings goal to hit before then.

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