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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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Shannon & Her Husband Paid off $22,000 in 9 Months

Family Balance Sheet

Read more about Shannon’s debt free journey. What inspired you to get debt free? In January 2013 there was a blog post on Keeper of the Home that first awakened me to the concept of living debt free. We were living on one income that placed us just at the top of lower class income level.

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Find out how Anna paid off $23,605 in college, personal loans, and credit cards.

Family Balance Sheet

What are your top 3 – 5 tips for saving money/pinching pennies to put towards paying off your debt. If married, who initiated the debt free goal? Was there something that you gave up that you will go back to now that you are debt free? What are your financial goals now?

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

Family Balance Sheet

We began to realize that each item we own costs us something, either our time to maintain it or our money. What are your top 3 – 5 tips for saving money/pinching pennies to put towards paying off your debt. We live beneath our means. This is a huge celebration for us in living debt free!

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

Family Balance Sheet

I taught coupon and frugal living workshops and put any donated money toward the mortgage. What are your top 3 – 5 tips for saving money/pinching pennies to put towards paying off your debt. It’s so much easier to save money when you’re not gallivanting across the countryside.

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