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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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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

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.

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Meet Doug & Laura. They Paid off $23,000 in 16 Months. | Debt Free Stories

Family Balance Sheet

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.

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

Family Balance Sheet

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?

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How Angela & Jeff paid off $58,000 of Debt in 2 Years

Family Balance Sheet

Other than the student loans, everything else was consumer debt from 13 years of trying to “keep up with the Jones’ “ We finally managed to get the debt paid off two years and two weeks from the time we started this journey. What inspired you to become debt free? Was there a particular event?

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Yakezie Carnival October 16, 2011- Growth Edition

Prairie Eco-Thrifter

Here’s some tips to be wary of when trying to consolidate your debt. Personal Finance Whiz : What Is An Emergency Fund? One of the major components of being financially fit is to have an emergency fund. Through understanding psychology, one can predict how other investors will react to certain market events.

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How Krystal and Josh paid off $80k in 4 years!

Family Balance Sheet

debts one by one. What inspired you to become debt free? Was there a particular event? working full time at a low-paying job and going to grad school full time, while my husband was working multiple jobs just to help us make ends meet. Did you follow a particular debt freedom plan or book, such as Dave. We usually.

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