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

Penny Pinchin' Mom

DECEMBER 17, 2023

This is why you should pay off your high-interest debts like credit cards first. The best way to get out of existing debt when your credit card balances are high is to stop charging them and live within your limits as you pay them down. Hidden in the terms might be clauses with penalties for early repayment.

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Pay Off Debt Debt Emergency Fund Financial Goals 52
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Find out how Jessica paid off $56,000 of student loans, credit cards, and a car loan.

Family Balance Sheet

APRIL 12, 2016

I work in Finance/Accounting for a large corporation but I have also started a company called Every Single Dollar , which focuses on personal finance for single women. I had $29,000 in MBA student loans, $14,000 in credit cards, and $13,000 in a car loan. I will NEVER finance a car again.

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