Credit, Credit Cards, Job Loss and Personal Finance

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

Penny Pinchin' Mom

DECEMBER 17, 2023

Your positive credit report will encourage other lenders to grant similar facilities. Your risk profile goes down as you are no longer a first-time borrower, and your debt-to-income ratio goes down along with your credit utilization rate. This is why you should pay off your high-interest debts like credit cards first.

Pay Off Debt

Pay Off Debt Debt Emergency Fund Financial Goals

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.

Credit Cards

Credit Cards Debt Debt Free Student

Frugal Focus

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

Find out how Jessica paid off $56,000 of student loans, credit cards, and a car loan.

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