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

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

Prairie Eco-Thrifter

Personal Finance by the Book tells us how negotiating can put us on top. I have used this tactic in the past and it really does work. Get Rich Slowly tells us how we can cheat on our taxes legally. For veggie scraps and such, I try to use them to make stock so they don’t even hit the compost pile.

February 113
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Meet Stacy. She and her husband paid off $20,000 in 8 Months.

Family Balance Sheet

We were debt free before I was 30 , including our home. The only debt we had was a mortgage – however when we first got married we were stupid and bought a Mercedes. We ended up using my remaining collage savings to pay that off. Don’t be afraid to be around us. and to build our dream home.

Debt Free 100