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

Penny Pinchin' Mom

And there are tons of other benefits as well. Saving on Interest You will be decreasing your debt as well as the amount you’ll pay in interest over time, which is a good thing. It reduces the overall time that the interest will accrue as well as the balance on which it is calculated.

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Eight Things I Learned After Becoming a Millionaire

Prairie Eco-Thrifter

Well, we made it and here are some of the surprising things I found out about having a few millions. Knowing I had the financial backing to live through negative life events (divorce, job loss, catastrophe, etc) removed a level of stress from my life. You still want to do your best at work.

Money 247
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Managing Family Finances: Tips and Strategies for a Better Financial Future

Penny Pinchin' Mom

Create an Emergency Fund Let’s talk personal finances— $8,883 —that’s how much American households have in terms of emergency funds on average. Now, you need a secondary layer of strategies to ensure that you are not just budgeting to keep living paycheck to paycheck. That’s where these strategies come into play.

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Find out how Jessica paid off $56,000 of student loans, credit cards, and a car loan.

Family Balance Sheet

I work in Finance/Accounting for a large corporation but I have also started a company called Every Single Dollar , which focuses on personal finance for single women. I ended up taking Financial Peace University as well. How much debt did you pay off? I had planned to pay it all off in 2.5 Was there a particular event?