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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. This is why you should pay off your high-interest debts like credit cards first.

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

Family Balance Sheet

Today’s Debt Free Story is from Acadia. She writes about simple living, parenting and her family’s foster story at Fostering Simplicity. What do you and your spouse do for a living? What inspired you to get debt free? The money that we used to spend on debt now goes into savings.

Student 100
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P.E.P. for the Week of February 14-18/11-Planning Edition

Prairie Eco-Thrifter

Financial Highway tells us how he paid off $50,000 of credit card debt. I have never owed that much on a credit card but I have had issues with paying them off in the past. Canadian Finance Blog tells us why living debt free doesn’t help our credit score. Congrats!!

February 113