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

Penny Pinchin' Mom

DECEMBER 17, 2023

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. You will need to handle them first, even if your emergency fund is nonexistent.

Pay Off Debt 52
Pay Off Debt Debt Emergency Fund Financial Goals 52
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Meet Aja. She & her husband Paid Off $110,000 in Debt

Family Balance Sheet

JANUARY 21, 2015

Today’s debt free story is from Aja. We paid down mostly student loans, vehicles and business credit card debt ( we already own a home outright ). What inspired you to get debt free? We realized that debt payments were eating into our income and potential to build wealth. Where are you from?

Debt 100
Debt Debt Free Las Vegas Finance 100
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