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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? You are one emergency short of losing track of your finances. Should you pay off debt or save?

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

Family Balance Sheet

But in the end, we ended up making enough profit to pay off our debt entirely and still put some into savings! We sold the majority of our possessions and now our family of 5 lives in a two bedroom apartment in the city as opposed to our much, much larger home in the suburbs. We live beneath our means.

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

Family Balance Sheet

Today’s debt free story is from Stacy. She shares delicious recipes, money saving tips and frugal living posts at her blog, Stacy Makes Cents. What do you and your spouse do for a living? The only debt we had was a mortgage – however when we first got married we were stupid and bought a Mercedes.

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