Penny Pinchin' Mom

DECEMBER 17, 2023

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. You will need to handle them first, even if your emergency fund is nonexistent.

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Family Balance Sheet

JUNE 30, 2015

Our Financial Goals: Pay off our non-mortgage debt. Increase our emergency fund to 6 months of expenses. Contribute to our retirement funds. Pay off our mortgage debt. Celebrate debt freedom with a big family trip to Hawaii or Paris. Write a book about our debt free journey. Absolutely!

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Family Balance Sheet

FEBRUARY 4, 2015

Today’s Debt Free Story is from Shannon. She writes at Growing Slower. As many students do these days, we had tens of thousands of dollars of debt by the time we graduated with our Masters degrees. Read more about Shannon’s debt free journey. What inspired you to get debt free?

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Family Balance Sheet

FEBRUARY 2, 2017

Their 2017 goal is to pay off the remaining balance on their mortgage ($27,900) and be DEBT FREE! Jackie and her husband paid off $147,000 of debt in 10 years and are debt free. They also made the commitment to stay away from debt for good. She nailed her goal and is continuing to grow her business.

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Family Balance Sheet

FEBRUARY 3, 2016

Today’s Debt Free Story is from Charissa. We started paying it off when we got married and became debt free just shy of our second anniversary. What inspired you to become debt free? I had watched my parents pay off their debt, including their house, when I was a pre-teen, which really influenced me.

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Family Balance Sheet

MAY 27, 2015

Today’s Debt Free Story is from Olivia. What inspired you to get debt free? There were two things that inspired us to pay off debt. Did you follow a particular debt freedom plan or book, such as Dave Ramsey or Debt-Proof Living? We did follow Dave Ramsey’s 7 Baby Steps to becoming debt free.

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