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

Family Balance Sheet

Today’s Debt Free Story is from Acadia. We have a 5 year old son and are in the process of adopting our 2 year old and 4 month old foster sons, making us parents of 3 boys! What inspired you to get debt free? In order to maintain our debt free lifestyle, we pay cash for everything.

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Meet Carrie. She Paid Off $14,000 in Debt in 14 Months.

Family Balance Sheet

Today’s Debt Free Story is from Carrie. It took just over a year (14 months to be exact) before I paid off all my debts and became debt free! I was only bringing home a net income of $3,000 a month, so paying $1,000 each month towards my debt was a lot of money, and took a lot of sacrificing.

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Find out how Richard paid off $40,000 of debt

Family Balance Sheet

Today’s Debt Free Story is from Richard of Frugality Magazine , where he shares frugal living tips for financial freedom. However, over time, as the debt grew thanks to interest charges and mismanagement on my part, the monthly payments started to grow out of control. What inspired you to get debt free?

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