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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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FREE Dave Ramsey Download

Saving With Shellie

Get a free download of Dumping Debt by Dave Ramsey and learn how to get on track for 2012. This is audio lesson will teach you about Dave’s Debt Snowball Method and how to start the process of living debt free. Have you "liked" Saving with Shellie on Facebook yet? Thanks My Frugal Adventures !).

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My Life Plan

Family Balance Sheet

Start saving for college. 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. Celebrate with a trip to Walt Disney World. Increase our emergency fund to 6 months of expenses.

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4 Ways to Enhance Your Financial New Year’s Resolutions

Prairie Eco-Thrifter

However, your New Year’s Resolutions should be about more than just generically “saving more”, “spending less”, or “paying down debt” What if you’ve been making solid progress in those areas? What if you are ready to take your finances to the next level?

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

Family Balance Sheet

Today’s Debt Free Story is from Anna. She is on a mission to help others become debt free. She writes at her personal finance website, And Then We Saved. What do you and your spouse do for a living? . If married, who initiated the debt free goal? Tell us about you and your family.

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

Family Balance Sheet

But in the end, we ended up making enough profit to pay off our debt entirely and still put some into savings! We sold the majority of our possessions and now our family of 5 lives in a two bedroom apartment in the city as opposed to our much, much larger home in the suburbs. We live beneath our means. Give to others.

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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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