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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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Find out How Acadia & Her Husband Paid off $97,000 in Student Loans

Family Balance Sheet

We sold the majority of our possessions and now our family of 5 lives in a two bedroom apartment in the city as opposed to our much, much larger home in the suburbs. 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.

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Meet Stacy. She and her husband paid off $20,000 in 8 Months.

Family Balance Sheet

After we purchased our house, we decided that it would be our last debt – so we worked hard and paid the entire thing off in less than 8 years. What inspired you to get debt free? Was there a particular event? We quit when we were paying off debt. It’s fun being debt-free.

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