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My Life Plan

Family Balance Sheet

The plan allowed us to think beyond the financial struggles we were dealing with at the time and we could envision what our future might look like. And while we have a lot of work ahead of us, we keep moving forward. Pay off our mortgage debt. Celebrate debt freedom with a big family trip to Hawaii or Paris.

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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

It was a mix of college loans, a personal loan from my parents (for college), an overdraft account, and credit card debt. What inspired you to get debt free? I had tried a lot of different things to get out of debt but nothing worked. There wasn’t one particular thing that pushed me to the debt-free living side.

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

Family Balance Sheet

We have a 5 year old son and are in the process of adopting our 2 year old and 4 month old foster sons, making us parents of 3 boys! My husband works as an architect and I teach art part time at my son’s school. It took us two years of my husband working full-time at his job and then using every other second to work on the house.

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

Family Balance Sheet

I’m Shannon Brown, and I’m a crunchy Christian mama blessed to live in beautiful North Idaho. He now works as an architect, and I do some freelance from home now that we have kids. Read more about Shannon’s debt free journey. What inspired you to get debt free? Then the real work began!

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P.E.P. for the Week of February 14-18/11-Planning Edition

Prairie Eco-Thrifter

We are also working on planning our trip to Asia. We have had some kinks with our itinerary and corresponding flights so we have be trying to plan a route that works with the flight patterns. Last night we were up late trying to finalize a plan that would work. We found a system that worked for both of us.

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

Family Balance Sheet

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. After we purchased our house, we decided that it would be our last debt – so we worked hard and paid the entire thing off in less than 8 years.

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