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My Life Plan

Family Balance Sheet

Pay off our mortgage debt. Celebrate debt freedom with a big family trip to Hawaii or Paris. Continue to live debt free with the ability to travel more, give more, pursue our passions. Increase our emergency fund to 6 months of expenses. Contribute to our retirement funds. Start saving for college. Achievable?

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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. It’s a question of how to ensure the gains outweigh the losses.

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

Family Balance Sheet

Once I started getting out of debt I read Your Money or Your Life and it changed my whole outlook on money. What are the top 3 – 5 ways you found money to put towards debt. I sold old stuff I no longer used/wanted. No longer was I able to participate the way I used to so that caused a lot of stress. There is hope!

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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. Tell us about you and your family. 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. What inspired you to get debt free?

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

Family Balance Sheet

We were debt free before I was 30 , including our home. 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. Unless you’re cheapo like us, then quitting Starbucks is permanent.

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