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.

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Pay Off Debt Debt Emergency Fund Financial Goals 52

Family Balance Sheet

SEPTEMBER 9, 2014

About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) But it wasn’t a decade of nothing but paying off debt. When we first started we couldn’t have even conceived of becoming completely debt free. What inspired you to get debt free?

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Debt Debt Free Pay Off Debt Financial Goals 236

Savings Corner

DECEMBER 27, 2023

Ideally, getting one positively impacts your overall financial health, by helping you pay off debt faster, for example, or adding to the value of your home. It also provides an apples-to-apples comparison across financial products, so you can compare the cost of a personal loan to a credit card, for example.

Debt 40

Debt Home Improvement Consumer Credit 40

Savings Corner

APRIL 4, 2024

DSCR = annual net operating income / total annual debt, including principal and interest Many lenders won’t consider any business with a DSCR below 1.25, and the higher the number, the stronger you look. Find your annual net operating income.

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Bank Banking Credit Finance 40

For the Mommas

JULY 24, 2016

You can use the difference in income to pay off debt, save or invest. For example, if you plan your meals in advance and create a grocery list, you can shop while you’re running your errands. 20 Tips for Frugal Living. Living frugally allows you to not only spend less than what you earn, but also allows you to earn less.

Frugal Lives 49

Frugal Lives Frugal Living Frugal Magazine and Newspaper Subscriptions 49

Savings Corner

APRIL 4, 2024

Consolidating high-interest debt: If you’ve been struggling to pay off debts with high costs like credit cards, a home equity loan can make a big difference in the amount of interest you’re paying. However, if you’re considering this route , there are two important caveats.

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Home Debt Credit Cards Credit 52

Family Balance Sheet

JULY 2, 2015

We have been given money ourselves during our process of paying off debt and try to remain grateful and giving. If married, who initiated the debt free goal? Were there arguments during the time you were working on your debt? Not to say that we are unwise with our money. We look at possessions very differently now.

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Student Debt Debt Free Finds 100