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

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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.

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Meet Aja. She & her husband Paid Off $110,000 in Debt

Family Balance Sheet

Today’s debt free story is from Aja. We paid down mostly student loans, vehicles and business credit card debt ( we already own a home outright ). What inspired you to get debt free? We realized that debt payments were eating into our income and potential to build wealth. Where are you from?

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How Krystal and Josh paid off $80k in 4 years!

Family Balance Sheet

I love her passion for helping others along their debt free journey. Be sure to check out her website where she is offering a free finance workbook if you subscribe to her newsletter. Krystal & Josh’s Debt Free Story. How much debt did you pay off? What kind of debt was it? We are debt.

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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?

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Take Control of Your Money in 2015

Family Balance Sheet

When I run the numbers, I realize it’s going to take years before we can scream, ”WE’RE DEBT FREE”, our ultimate goal. I’ll continue to offer additional money saving tips, ideas, strategies and recipes like I always have, but I have some new themes that I will be starting next week.

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Find Out How Olivia & Her Husband Paid off Their Mortgage in 33 Months

Family Balance Sheet

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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