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

Family Balance Sheet

Today’s Debt Free Story is from Acadia. She writes about simple living, parenting and her family’s foster story at Fostering Simplicity. What do you and your spouse do for a living? What inspired you to get debt free? In order to maintain our debt free lifestyle, we pay cash for everything.

Student 100
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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.