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

Penny Pinchin' Mom

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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Meet Stacy. She and her husband paid off $20,000 in 8 Months.

Family Balance Sheet

The only debt we had was a mortgage – however when we first got married we were stupid and bought a Mercedes. We ended up using my remaining collage savings to pay that off. We swore we would never finance a car again. What inspired you to get debt free? We quit when we were paying off debt.

Debt Free 100