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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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Where we found money in April

Family Balance Sheet

I have used the extra money to pay off debt, fund family trips, or build up our Christmas savings. Credit Card Cash Back Redemptions in April: $439.62. Years ago during our Debt Freedom Plan, I avoided using credit cards, not because we had credit card debt, but I was trying to limit our overall spending.

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

Family Balance Sheet

How much debt did you pay off? What kind of debt was it? I had $56,000 of debt when I decided to become debt free. I had $29,000 in MBA student loans, $14,000 in credit cards, and $13,000 in a car loan. I had planned to pay it all off in 2.5 How long did it take you?

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Money Matters: Brilliant Hacks to Consider Before Purchasing a New Home

Motherhood Moments

Learn How Mortgages Work and What You May Need to Pay Before you make a final decision on a house, it is important to understand how mortgages work and how much you may have to pay to land the property. The higher your credit score, the lower your payment or interest rate.

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

Family Balance Sheet

She blogs at The Debt Myth. Include anything that you’d like to add to give the reader an idea about your personality. 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.) Then my husband decided to pay off his car.

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Find out how Charissa and Her Husband Paid Off $7665 of Debt and Cash Flowed College

Family Balance Sheet

Include anything that you’d like to add to give the reader an idea about your personality. I am a free-lance sign language interpreter, putting my husband through engineering school by paying cash. How much debt did you pay off? What kind of debt was it? What inspired you to become debt free?

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5 Steps to Crush Debt in 2016 + FREE Debt Payoff Goal Tracker

Family Balance Sheet

Are you ready to crush debt this year? We’re going to give it everything we’ve got and hopefully pay off the last of our non-mortgage debt by the end of this year. It will be quite a feat because by my calculations we’ll be short each month if we just apply our debt snowball payment.

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