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The Age Old Question: Should You Pay Off Debt or Save?

Penny Pinchin' Mom

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.

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

Family Balance Sheet

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
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P.E.P. for the Week of February 14-18/11-Planning Edition

Prairie Eco-Thrifter

Personal Finance by the Book tells us how negotiating can put us on top. I have used this tactic in the past and it really does work. Get Rich Slowly tells us how we can cheat on our taxes legally. For veggie scraps and such, I try to use them to make stock so they don’t even hit the compost pile.

February 113