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Find out how Anna paid off $23,605 in college, personal loans, and credit cards.

Family Balance Sheet

It was a mix of college loans, a personal loan from my parents (for college), an overdraft account, and credit card debt. What inspired you to get debt free? I had tried a lot of different things to get out of debt but nothing worked. What are the top 3 – 5 ways you found money to put towards debt.

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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. High interest charges make it harder to put money aside for saving.

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Shannon & Her Husband Paid off $22,000 in 9 Months

Family Balance Sheet

Read more about Shannon’s debt free journey. What inspired you to get debt free? In January 2013 there was a blog post on Keeper of the Home that first awakened me to the concept of living debt free. We were living on one income that placed us just at the top of lower class income level.

Debt Free 100
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Find out How Acadia & Her Husband Paid off $97,000 in Student Loans

Family Balance Sheet

I did read about the Dave Ramsey method, however, I knew that for us, it would take something more extreme than cutting expenses and putting that money towards our debt. What are the top 3 – 5 ways you found money to put towards debt. We are choosing to live below our means. We live beneath our means.

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

Prairie Eco-Thrifter

Managing Money. We get a visual picture every month of where are finances are and what we have spent our money on. When you spend little of the credit you have, creditors look favourable on your because it tells them you are responsible. Mom Vesting talks to us about bringing the subject of money up with your spouse.

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