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

Penny Pinchin' Mom

Advantages of Paying Off Debt From a purely financial point of view, it makes more sense to focus on debt payoff rather than directing available cash to a savings account. From a personal point of view, I much prefer living debt free. And there are tons of other benefits as well.

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P.E.P. for the Week of February 14-18/11-Planning Edition

Prairie Eco-Thrifter

We will be away at the time the risk is the highest so we are working on getting our furniture in our basement propped up on blocks as well as running dehumidifiers. I wasn’t managing my money very well. One of the things that worked well for me was negotiating with the creditors. Now on to the PEP’s of the week.

February 113
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Find out How Acadia & Her Husband Paid off $97,000 in Student Loans

Family Balance Sheet

We save and try to manage our finances, but do so with an openness to give money away as well. We have been given money ourselves during our process of paying off debt and try to remain grateful and giving. If married, who initiated the debt free goal? Were there arguments during the time you were working on your debt?

Student 100