Penny Pinchin' Mom
DECEMBER 17, 2023
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.
Family Balance Sheet
AUGUST 21, 2020
You’ll know how much is in your checking and savings accounts and your retirement accounts. Debts still need to be paid, cars will need new parts, homes will need to be repaired, and kids will need braces. My mission is to help families increase their assets, reduce their liabilities, and grow their net worth.
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Prairie Eco-Thrifter
MARCH 4, 2015
It was nearly impossible to figure out exactly how the program would work for each query, because, as Bonnie Baker (the engaging and energetic DB2 speaker) used to put it “It depends” Likewise with understanding whether the rich use debt differently than the rest of us… it depends. It depends on how the debt is managed.
Penny Pinchin' Mom
JANUARY 16, 2024
However, if you have been following me, you know that I am quite serious about finding ways to not only get out of debt but also how to create a budget (and stick to it) as well as how to save money without necessarily depriving your family of the quality of life they deserve. I send in $50 every month to each of their accounts.
Prairie Eco-Thrifter
MAY 26, 2016
Because we only have a week to show results, and because savings account interest rates have been near zero each year since camps started, I have routinely given the jar 50% interest. Trepidation about having the grand-kids open a savings account. Both are now old enough to open a bank savings account.
The Frugal Girl
DECEMBER 11, 2023
As a teenager, I saved quite a bit of the money I earned babysitting and working in a dining hall. I liked seeing money accumulate and grow, and that has continued into adulthood! and realized we should pay off this debt as quickly as possible. This especially was very important to my husband growing up.
Prairie Eco-Thrifter
AUGUST 12, 2013
Saving up this chunk of change can take a long period of time, especially if you have a high expense to income ratio, which many people do (especially if you’re paying down debt). . Revel in the fact that with every payment you make to your retirement savings account, your days slaving away at work in a dead end job dwindle.
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