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
SEPTEMBER 9, 2014
Welcome to Debt Free Stories. She and her husband paid off $147,000 in debt–including their home. After paying off the debt, she was able to quit her job to pursue her passion. She blogs at The Debt Myth. Quitting my job is one of the things being debt free has enabled us to do.
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Motherhood Moments
JANUARY 18, 2023
Nobody knows for sure whether we’ll see a recession or not,” said Amy Maliga, financial educator with Take Charge America, a nonprofit credit counseling and debt management agency. But in a recession, you’ll want to consider padding your existing savings — especially due to recent inflation that has pushed the cost of living higher.
Prairie Eco-Thrifter
MAY 30, 2012
Controlling careless spending of even $5-10 a week and putting it into savings, can add up significantly over time. Increasing your credit card limit is really increasing your debt, or at least your exposure to debt, so say ’No!’ Living Paycheck to Paycheck Living from paycheck to paycheck is a dangerous and precarious practice.
Prairie Eco-Thrifter
MAY 1, 2013
The rule of thumb that states that it makes sense to spend 30% of your income each month on a housing payment doesn’t take into account the fact that you might have other debts, and that taking on more might over-leverage you. Markets and economic conditions change as well.
Prairie Eco-Thrifter
OCTOBER 5, 2011
She blogs about ways to make and save money as well as what she is up to at her blog www.kylieofiu.com. 7.) Pay only the minimum on debts. Until you have a job again, focus on keeping your financial reserves, as you may end up regretting paying that extra $20 a week off your debt. So, have you ever lost your job?
Prairie Eco-Thrifter
OCTOBER 7, 2014
Lots of little changes can add up to big results, like a fatter savings account, more contributions to retirement funds , the means to do really cool stuff and just greater peace of mind. Do you pick away at your savings for things you really don’t need? Do you hope to save a certain portion of your income each month?
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