Budget, Debt Free, Job Loss and Shopping

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

Penny Pinchin' Mom

DECEMBER 17, 2023

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. It’s a question of how to ensure the gains outweigh the losses.

Pay Off Debt

Pay Off Debt Debt Emergency Fund Financial Goals

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

Family Balance Sheet

APRIL 12, 2016

Today’s Debt Free Story is from Jessica. I had $56,000 of debt when I decided to become debt free. It took me five years to pay off my debt but two of those years I had a job loss, I was taking care of my grandparents and I had lost my motivation and drive to pay off the debt.

Credit Cards

Credit Cards Debt Debt Free Student

Frugal Focus

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

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

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