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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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How We’re Using Upromise to Save for College

Family Balance Sheet

I don’t recall why I never used the account, but I guess it just slipped my mind. Right before the pandemic started, I opened 529 College Savings Accounts for our daughters. My oldest was in eighth grade and one of my goals for 2020 was to start saving consistently for both daughters’ college education.

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So You’ve Maxed Out Your Emergency Fund – Now What?

Prairie Eco-Thrifter

Saving up this chunk of change can take a long period of time, especially if you have a high expense to income ratio, which many people do (especially if you’re paying down debt). . Revel in the fact that with every payment you make to your retirement savings account, your days slaving away at work in a dead end job dwindle.

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What Is A Personal Loan?

Savings Corner

Key takeaways A personal loan is money you can borrow to finance large purchases, consolidate debt, invest in yourself or cover emergency expenses. Working to improve your credit score and reduce your debt-to-income ratio before applying can help get you the best loan terms. Personal loans have advantages and drawbacks.

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Should You Save Or Invest Your Money?

Prairie Eco-Thrifter

In this article we will look at the pros and cons of saving and investing, as well as reducing debt, as a means of gaining financial security. If you are pondering this question, you probably have access to some spare cash; otherwise you wouldn’t be considering either savings or investment. What About Debt?

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2012 Financial Goals

Family Balance Sheet

Four hours of uninterrupted time is a luxury, so we took advantage of it. Increase our Monthly Debt Payment. We have set a goal date of July 2015 to pay off all of our debt. Start a Car Replacement Savings Account. Start College Savings Accounts for our Girls. Our 2012 Financial Goals. Finish Will.

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How to Prevent Three Common Disastrous Personal Financial Mistakes

Prairie Eco-Thrifter

Set up a savings account linked to your checking account and automatically transfer a set amount every payday. Wouldn’t you rather have that money to save or spend? Make getting rid of your credit card balances a top priority, even at the expense of savings. Making weekly payments will save interest.