Penny Pinchin' Mom

DECEMBER 17, 2023

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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Pay Off Debt Debt Emergency Fund Financial Goals 52

Family Balance Sheet

JUNE 30, 2015

Our Financial Goals: Pay off our non-mortgage debt. Increase our emergency fund to 6 months of expenses. Contribute to our retirement funds. Pay off our mortgage debt. Celebrate debt freedom with a big family trip to Hawaii or Paris. Celebrate with a trip to Walt Disney World. Start saving for college.

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Financial Goals Debt Goals Emergency Fund 100

Family Balance Sheet

FEBRUARY 4, 2015

Read more about Shannon’s debt free journey. What inspired you to get debt free? In January 2013 there was a blog post on Keeper of the Home that first awakened me to the concept of living debt free. We were living on one income that placed us just at the top of lower class income level.

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Debt Free Debt Financial Goals Budgeting 100