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. It’s a question of how to ensure the gains outweigh the losses.

Pay Off Debt 52

Pay Off Debt Debt Emergency Fund Financial Goals 52

Family Balance Sheet

JULY 2, 2015

However, with my husband being an architect and an overall really handy guy, we decided that fixing up the house and selling it could give us enough profit to at least pay off a big chunk of our debt. It took us two years of my husband working full-time at his job and then using every other second to work on the house.

Student 100

Student Debt Debt Free Finds 100

Family Balance Sheet

APRIL 19, 2016

It was a mix of college loans, a personal loan from my parents (for college), an overdraft account, and credit card debt. What inspired you to get debt free? Was there a particular event? I had tried a lot of different things to get out of debt but nothing worked. I sold old stuff I no longer used/wanted.

Credit Cards 100

Credit Cards Debt Free College Debt 100

Family Balance Sheet

FEBRUARY 4, 2015

By the grace of God, it took us just under 9 months to pay it off. Read more about Shannon’s debt free journey. What inspired you to get debt free? Was there a particular event? In January 2013 there was a blog post on Keeper of the Home that first awakened me to the concept of living debt free.

Debt Free 100

Debt Free Debt Financial Goals Budgeting 100

Family Balance Sheet

JANUARY 7, 2015

We ended up using my remaining collage savings to pay that off. After we purchased our house, we decided that it would be our last debt – so we worked hard and paid the entire thing off in less than 8 years. What inspired you to get debt free? Was there a particular event? It’s fun being debt-free.

Debt Free 100

Debt Free Debt Budgeting Budget 100