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

Penny Pinchin' Mom

The post The Age Old Question: Should You Pay Off Debt or Save? Should you pay off debt or save? So, you want to get started on debt repayment so you can focus on other financial goals? However, if you pay off these debts, there will be nothing left for investments in these tough financial times.

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

Family Balance Sheet

Today’s Debt Free Story is from Anna. She is on a mission to help others become debt free. She writes at her personal finance website, And Then We Saved. What do you and your spouse do for a living? . What inspired you to get debt free? If married, who initiated the debt free goal?

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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). Have you "liked" Saving with Shellie on Facebook yet? Thanks My Frugal Adventures !).

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My Life Plan

Family Balance Sheet

Start saving for college. Pay off our mortgage debt. Celebrate debt freedom with a big family trip to Hawaii or Paris. Continue to live debt free with the ability to travel more, give more, pursue our passions. photo credit. Celebrate with a trip to Walt Disney World. Achievable? Absolutely!

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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.

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

Prairie Eco-Thrifter

We have been saving for our vacation to Asia since last year and we have been successful at this. Beating Broke tells us how we can improve our credit score by adding positive information. When you spend little of the credit you have, creditors look favourable on your because it tells them you are responsible. Congrats!!

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

Family Balance Sheet

But in the end, we ended up making enough profit to pay off our debt entirely and still put some into savings! We sold the majority of our possessions and now our family of 5 lives in a two bedroom apartment in the city as opposed to our much, much larger home in the suburbs. We live beneath our means. Give to others.

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