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.

article thumbnail

How Angela & Jeff paid off $58,000 of Debt in 2 Years

Family Balance Sheet

I watched her and her husband’s debt free scream on The Dave Ramsey Show. You can find Angela at her You Tube channel, Our Life…on a Budget , where she vlogs about getting out of debt and staying there! Angela & Jeff’s Debt Free Story. What inspired you to become debt free?

Debt 100
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

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

Family Balance Sheet

Today’s Debt Free Story is from Shannon. As many students do these days, we had tens of thousands of dollars of debt by the time we graduated with our Masters degrees. Living on two-incomes, we could have easily paid off our debt quickly, but we had no idea at the time that “debt free” was even a thing.

Debt Free 100
article thumbnail

2012 Financial Goals

Family Balance Sheet

The kids were in the back seat watching a movie and we were in the front seat reviewing 2011 and strategizing for the upcoming year. Increase Family Emergency Fund to Six Months Salary. Review our Retirement. But we do need to review it more regularly to make sure we are on track to retire.eventually.

article thumbnail

How to Achieve Your Financial Goals (tips from the achievers)

Family Balance Sheet

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. My husband and I meet regularly to review the budget and the status of our financial goals. ” Pay off Debt.