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

An emergency fund is vital regardless of the larger economic climate. Assess your emergency savings today and explore ways to bolster them through possible side hustles or gig work. Generally, you want to aim for an emergency fund of three to six months of expenses. Prepare by paying off debt.

Recession 100

Recession Finance Emergency Fund Debt 100

Family Balance Sheet

APRIL 9, 2021

We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. The point of the starter emergency fund is to get you through until you pay off your non-mortgage debts, at which point, you build a more extensive fund. Prioritize.

Debt 130

Debt Emergency Fund 2019 Debt Free 130

Family Balance Sheet

MAY 21, 2021

Did you make a goal to pay off debt this year? For many years, we made a yearly goal to chip away at our six figures of non-mortgage debt. It took us years to pay it all off, but we achieved it in 2019. This list became our personal Debt Freedom Plan. Paying off debt is not fun, in fact, it sucks!

Debt 130

Debt Goals Debt Free Pay Off Debt 130

Family Balance Sheet

FEBRUARY 2, 2017

Instead of writing, “I want to pay off debt” or “I don’t want to live paycheck to paycheck”, commit to “I want to pay off $X of credit card debt in 201X and I will stop using credit cards from this point forward.” ” Pay off Debt. Save for emergencies.

Financial Goals 100

Financial Goals Goals Debt Budgeting 100

Family Balance Sheet

OCTOBER 18, 2019

Happy New Year’s 2019: In January 2019, we were down to one final non-mortgage loan, so we created just one financial goal for the year—-to pay off that last non-mortgage debt by December. Our Debt Freedom Plan (October 2019 Update): Exact numbers have been omitted at this time. 5 Steps to Crush Debt.

Debt 100

Debt 2019 Financial Goals Emergency Fund 100

Family Balance Sheet

AUGUST 11, 2016

We charted out our course of action to pay off debts and start saving for retirement. Start Saving for your Emergency Fund TODAY! We reduced our spending where we could that year, but the money to pay any shortfall each month came from our emergency fund. Don’t know how or where to start?

Emergency Fund 100

Emergency Fund Money Finance Debt 100