article thumbnail

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

Penny Pinchin' Mom

Advantages of Paying Off Debt From a purely financial point of view, it makes more sense to focus on debt payoff rather than directing available cash to a savings account. From a personal point of view, I much prefer living debt free. This is why you should pay off your high-interest debts like credit cards first.

article thumbnail

FREE Dave Ramsey Download

Saving With Shellie

This is audio lesson will teach you about Dave’s Debt Snowball Method and how to start the process of living debt free. We did two of the steps out of order and we still use our credit cards (responsibly). If you like the audio lesson, you may also want to check out the Dave Ramsey books.

article thumbnail

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 had the same goal and are in agreement with living a debt free lifestyle. This is a huge celebration for us in living debt free!

Student 100