article thumbnail

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.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FREE Dave Ramsey Download

Saving With Shellie

This is audio lesson will teach you about Dave’s Debt Snowball Method and how to start the process of living debt free. We did two of the steps out of order and we still use our credit cards (responsibly). Stan and I do our own modified version of Dave’s plan.

article thumbnail

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
article thumbnail

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

Family Balance Sheet

However, with my husband being an architect and an overall really handy guy, we decided that fixing up the house and selling it could give us enough profit to at least pay off a big chunk of our debt. It took us two years of my husband working full-time at his job and then using every other second to work on the house.

Student 100
article thumbnail

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