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

Penny Pinchin' Mom

However, if you pay off these debts, there will be nothing left for investments in these tough financial times. You are one emergency short of losing track of your finances. What gives? If you are confused about whether you should pay off debt or save, you are not alone, although everyone’s financial situation is different.

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My Life Plan

Family Balance Sheet

Increase our emergency fund to 6 months of expenses. Contribute to our retirement funds. Pay off our mortgage debt. Celebrate debt freedom with a big family trip to Hawaii or Paris. Continue to live debt free with the ability to travel more, give more, pursue our passions. Achievable?

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Shannon & Her Husband Paid off $22,000 in 9 Months

Family Balance Sheet

What do you and your spouse do for a living? Include anything that you’d like to add to give the reader an idea about your personality. I’m Shannon Brown, and I’m a crunchy Christian mama blessed to live in beautiful North Idaho. Read more about Shannon’s debt free journey.

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