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? Should you pay off debt or save? appeared first on Penny Pinchin' Mom.

Pay Off Debt 52

Pay Off Debt Debt Emergency Fund Financial Goals 52

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

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? I went through Dave Ramsey’s Financial Peace University when I was 18 years old. Make paying off debt a priority.

Debt Free 241

Debt Free Debt Emergency Fund Finance 241

Savings Corner

DECEMBER 24, 2023

Working to improve your credit score and reduce your debt-to-income ratio before applying can help get you the best loan terms. Common reasons include paying off debt, financing a large purchase such as a vehicle or a boat, or covering the cost of a major expense like a wedding or a home renovation.

Debt 52

Debt Credit Cards Credit College Tuition 52

Family Balance Sheet

NOVEMBER 19, 2014

The debt included about $30,000 in student loans, some medical debt, IRS debt, and a small amount on a credit card. What inspired you to get debt free? Was there a particular event? We definitely spend a lot more money on eating out at restaurants and using babysitters now that we are debt free.

Debt 245

Debt Debt Free Finance Friends And Family Sale 245

Family Balance Sheet

JULY 2, 2015

What inspired you to get debt free? Was there a particular event? It wasn’t really a particular event, but more of a particular feeling. We felt like we couldn’t do a lot of the things in life we wanted to do because there was always the debt and the loan payments. If we want to buy a car, we save and pay cash.

Student 100

Student Debt Debt Free Finds 100

Family Balance Sheet

AUGUST 4, 2014

With tuition payments and debt payments we spent about $60,395 between January 2012 and March 2014 when we became completely debt free with two bachelor’s and two master’s degrees between us. What inspired you to get debt free? Was there a particular event? The first step in this diligence was paying off debt.

Debt Free 243

Debt Free Debt Goals Student 243