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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 to Achieve Your Financial Goals (tips from the achievers)

Family Balance Sheet

They also made the commitment to stay away from debt for good. Shannon from Growing Slower says her most powerful strategy to achieving their goal was to write it down and have a plan. My husband and I also have a goal of debt freedom, but we’ve put together micro-S.M.A.R.T. ” Pay off Debt.

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Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

These days, there is an ever-growing concern about the safety of our personal information when it is shared over the World Wide Web. Sean Smarty from Grow Money talks about How to Invest During College. Pat S from compounding returns asks Pay Off Debt or Invest for The Future ? Good question. What have you done?

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Find out how Charissa and Her Husband Paid Off $7665 of Debt and Cash Flowed College

Family Balance Sheet

However, since paying off our debt, I have become a much bigger fan of the baby steps laid out by Dave Ramsey and really see the wisdom in paying off debt in that fashion. What are the top 3 – 5 ways you found money to put towards debt. If married, who initiated the debt free goal?

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Find out how Richard paid off $40,000 of debt

Family Balance Sheet

So whether that’s hiking across the beautiful Sussex Downs, growing my own vegetables or taking my binoculars out for a spot of bird watching I rarely spend much time indoors. I was earning more each year and the debt I was carrying was covered each month without too much worry. What inspired you to get debt free?

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Find Out How Olivia & Her Husband Paid off Their Mortgage in 33 Months

Family Balance Sheet

We made sure we could afford the monthly payments on a 15 year mortgage, with the mindset that we would pay more each month. What inspired you to get debt free? There were two things that inspired us to pay off debt. We’re now on Baby Step #7 (building wealth, which includes college funding).

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Meet Carrie. She Paid Off $14,000 in Debt in 14 Months.

Family Balance Sheet

The income from my extra jobs went straight to debt payments, and my regular day job paid the bills, while enabling me to build up a small amount of savings. On the flip side, I ate a lot of cheap food while I was paying off debt, and definitely don’t do that now. What are your financial goals now?

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