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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

Family Balance Sheet

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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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

Nobody knows for sure whether we’ll see a recession or not,” said Amy Maliga, financial educator with Take Charge America, a nonprofit credit counseling and debt management agency. Prepare by paying off debt. Hatch a plan to tackle your debt, particularly high-interest balances, to help you free up more cash.

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Small Money Mistakes That Have Big Consequences

Prairie Eco-Thrifter

I’m sure everyone can name many little things that have more meaning than a big event in their lives. Increasing your credit card limit is really increasing your debt, or at least your exposure to debt, so say ’No!’ Ignoring Your Debt Debt is not just going to go away, you must handle it and work to whittle it away.

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10 Things To Do When You Lose Your Job

Prairie Eco-Thrifter

7.) Pay only the minimum on debts. Until you have a job again, focus on keeping your financial reserves, as you may end up regretting paying that extra $20 a week off your debt. It will cost you in interest, but if you have no income for a long time, you won’t be able to get the extra your paid off the debt back again.

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Eight Things I Learned After Becoming a Millionaire

Prairie Eco-Thrifter

You don’t have to contend with deciding which bill to pay or how to avoid a debt collector’s call or trying to keep the landlord off your back. Knowing I had the financial backing to live through negative life events (divorce, job loss, catastrophe, etc) removed a level of stress from my life.

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

Family Balance Sheet

Today’s Debt Free Story is from Jessica. 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. What inspired you to get debt free? Was there a particular event? I read it in two days and I was sold on the idea of being debt free.