Penny Pinchin' Mom

DECEMBER 17, 2023

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.

Pay Off Debt 52

Pay Off Debt Debt Emergency Fund Financial Goals 52

Motherhood Moments

JANUARY 18, 2023

Prepare ahead of time and create a bare bones budget that includes only your essentials — think food, shelter, clothes, transportation and insurance — so you have a plan in the event that you experience a loss of income or need to cut expenses suddenly. An emergency fund is vital regardless of the larger economic climate.

Recession 100

Recession Finance Emergency Fund Debt 100

Family Balance Sheet

NOVEMBER 5, 2014

We paid off just over $23,000 in one year and four months. The debt consisted of my student loans and a car loan. What inspired you to get debt free? Was there a particular event? When my wife and I got married, we both made the decision that our first financial priority would be becoming debt free.

Debt Free 241

Debt Free Debt Emergency Fund Finance 241

Family Balance Sheet

SEPTEMBER 9, 2014

About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) But it wasn’t a decade of nothing but paying off debt. When we first started we couldn’t have even conceived of becoming completely debt free. What inspired you to get debt free?

Debt 236

Debt Debt Free Pay Off Debt Financial Goals 236

Family Balance Sheet

FEBRUARY 3, 2016

We paid off $7,665 worth of credit cards, school loans and a car loan. We started paying it off when we got married and became debt free just shy of our second anniversary. What inspired you to become debt free? Was there a particular event? They didn’t like debt, and as I grew up, neither did I.

Debt 100

Debt Debt Free College Finds 100

Family Balance Sheet

JUNE 8, 2018

I came up with strategies to help us pay for yearly bills, large expenses, and we were able to pay off debts. For example, if today is May 22, then follow these steps to plan for June’s budget. During that time, I started to budget for everything. Every aspect of our lives was included in our budget.

Budgeting 133

Budgeting Budget Financial Goals Goals 133