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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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Meet Amanda & Daniel. They Paid Off $68,000 in Debt in 8 Months.

Family Balance Sheet

Daniel is a WordPress plugin developer at grow development and blogs at [link]. How much debt did you pay off? What kind of debt was it? We paid off $68,000 of debt in eight months. The debt included about $30,000 in student loans, some medical debt, IRS debt, and a small amount on a credit card.

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How to Achieve Your Financial Goals (tips from the achievers)

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Maureen eliminated $79,000 of credit card and student loan debt less than 3 years. Their 2017 goal is to wipe away $30,000 from their mortgage to keep them on track to pay it off in 36 months. Jessi and her husband paid off her student loans. They also made the commitment to stay away from debt for good.

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Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Ryan from The Financial Student talks about Getting Rid of Student Loans. Some people find themselves buried under student loan debt with little chance of ever paying it off. These days, there is an ever-growing concern about the safety of our personal information when it is shared over the World Wide Web.

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Find out how Charissa and Her Husband Paid Off $7665 of Debt and Cash Flowed College

Family Balance Sheet

They didn’t like debt, and as I grew up, neither did I. When my husband and I got married, we both brought debt into the marriage and I knew that I wanted to pay it off. I also wanted to pay off the student loans he had, and see him graduate without occurring any more debt. Listen to that hope.

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Find out how Richard paid off $40,000 of debt

Family Balance Sheet

So whether that’s hiking across the beautiful Sussex Downs, growing my own vegetables or taking my binoculars out for a spot of bird watching I rarely spend much time indoors. In total I estimate I paid off round $40,000 worth of debt, though depressingly a fair chunk of that was just interest. Yes, but not yet!

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Find Out How Olivia & Her Husband Paid off Their Mortgage in 33 Months

Family Balance Sheet

We made sure we could afford the monthly payments on a 15 year mortgage, with the mindset that we would pay more each month. What inspired you to get debt free? There were two things that inspired us to pay off debt. And this is just on a mortgage, not including any credit card or student loan debt.

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