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

Penny Pinchin' Mom

Advantages of Paying Off Debt From a purely financial point of view, it makes more sense to focus on debt payoff rather than directing available cash to a savings account. From a personal point of view, I much prefer living debt free.

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

Family Balance Sheet

There wasn’t one particular thing that pushed me to the debt-free living side. It was more that I finally got to the point where I was sick of feeling like crap about myself and I was ready to do whatever it took to try to change things. I’ve been debt-free for little bit now so I’ve been happily enjoying good coffee!

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

Family Balance Sheet

Today’s Debt Free Story is from Shannon. She writes at Growing Slower. What do you and your spouse do for a living? I’m Shannon Brown, and I’m a crunchy Christian mama blessed to live in beautiful North Idaho. At the point when we finally got serious about paying off our debt we had $22,047 left.

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