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

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Welcome to Debt Free Stories. She and her husband paid off $147,000 in debt–including their home. After paying off the debt, she was able to quit her job to pursue her passion. She blogs at The Debt Myth. Quitting my job is one of the things being debt free has enabled us to do.

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Meet Amanda & Daniel. They Paid Off $68,000 in Debt in 8 Months.

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Today’s Debt Free Story is from Amanda & Daniel. Together they blog about becoming debt free and location independence in order to serve the world at Life with a Mission. We paid off $68,000 of debt in eight months. What inspired you to get debt free? Who initiated the debt free goal?

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

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Today’s Debt Free Story is from Charissa. She helps readers gain control of their finances and live well on a budget at her blog Cook with a Shoe . We paid off $7,665 worth of credit cards, school loans and a car loan. What inspired you to become debt free? I initiated paying off the debt.

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Meet Carrie. She Paid Off $14,000 in Debt in 14 Months.

Family Balance Sheet

Today’s Debt Free Story is from Carrie. It took just over a year (14 months to be exact) before I paid off all my debts and became debt free! I was only bringing home a net income of $3,000 a month, so paying $1,000 each month towards my debt was a lot of money, and took a lot of sacrificing.

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

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Today’s Debt Free Story is from Acadia. What inspired you to get debt free? We felt like we couldn’t do a lot of the things in life we wanted to do because there was always the debt and the loan payments. In order to maintain our debt free lifestyle, we pay cash for everything.

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Find out how Richard paid off $40,000 of debt

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Today’s Debt Free Story is from Richard of Frugality Magazine , where he shares frugal living tips for financial freedom. However, over time, as the debt grew thanks to interest charges and mismanagement on my part, the monthly payments started to grow out of control. What inspired you to get debt free?

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