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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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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

Prepare by paying off debt. Hatch a plan to tackle your debt, particularly high-interest balances, to help you free up more cash. Consider strategies such as the debt snowball or avalanche methods or explore credit counseling to get a personalized action plan to attack your debt.

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Money Matters: Brilliant Hacks to Consider Before Purchasing a New Home

Motherhood Moments

Pay Off Debts to Be More Attractive to Lenders If you have real debt problems, then another solution is to start paying off what you owe. When you do, consider using the debt snowball strategy , in which you start paying off your debts starting with the smallest accounts first.

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Meet Krista & Jon Who Paid Off $36,000 | Debt Free Stories

Family Balance Sheet

Welcome to Debt Free Stories! They paid off $36,000 in debt and cash flowed graduate school. With tuition payments and debt payments we spent about $60,395 between January 2012 and March 2014 when we became completely debt free with two bachelor’s and two master’s degrees between us.

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How to Start a Budget (and be successful at it!)

Family Balance Sheet

I came up with strategies to help us pay for yearly bills, large expenses, and we were able to pay off debts. You can find blank calendar pages by Googling, “free calendar template” or I’ve found blank monthly calendars at the Dollar Tree. During that time, I started to budget for everything.

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Find out how Jessica paid off $56,000 of student loans, credit cards, and a car loan.

Family Balance Sheet

Today’s Debt Free Story is from Jessica. She owns Every Single Dollar , an online financial resource dedicated to helping single women make informed financial decisions and set themselves up for financial success. How much debt did you pay off? What kind of debt was it? Tell us about yourself.

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Over 40 and Worried about Money? Start here!

Family Balance Sheet

We charted out our course of action to pay off debts and start saving for retirement. It’s FREE when you sign up here for my weekly newsletter. Finding a professional can be overwhelming, but Dave Ramsey just launched SmartVestor , a free resource to help you find an investing professional.