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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? You are one emergency short of losing track of your finances. Should you pay off debt or save?

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Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Hello and welcome to the 316th Carnival of Personal Finance- Family Edition. Big Cajun Man from THE Canadian Personal Finance Site asks What is Your Financial Plan B? Control Your Cash from Control Your Cash boldly says Your Smart Car Isn’t Saving the World. It has gone on for generations. He’s right.

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The Prairie Eco-Thrifter Giveaway Extravaganza Winners

Prairie Eco-Thrifter

Here is the list of prizes as well as the winners: iPad (sponsored by Prairie Eco Thrifter and Sustainable Personal Finance ) Nicole D. $25 Pay Off Debt App (sponsored by The Debt Myth ) Lisa K. $20 25 Amazon Gift Card (sponsored by Work, Save, Live ) Debbie R. $25

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Secret tips to creating an online savings budget – Is this the way to financial freedom?

freestuff.tv

Well that’s a pretty dumb question but for most of us, we fail to act on our desires. Check out this guest post by Angela from Debt Consolidation Care: It needs no mention that budgets and savings play a pivotal role in assisting consumers in paying off debt. Want financial freedom? Enjoy this site?

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Emergency Funds: Emergencies Happen When You Least Expect It

Family Balance Sheet

Had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. We reduced our spending where we could, but the money to pay any shortfall each month came from our emergency fund. Your wants and dreams are secondary and need to be saved for separately. Save it and forget about it.

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Create your debt freedom plan

Family Balance Sheet

Prior to FPU, we thought we were doing well financially and never considered that we had too much debt. We didn’t carry over credit card balances, we paid off our car notes early, and the interest rate on the student loan was at a low 2.75%. We thought we were doing really well. Debt is Dumb and Cash is King.”.

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Over 40 and Worried about Money? Start here!

Family Balance Sheet

And in adulthood, they are stashing their incomes and living hyper-frugally to save for early retirement, instead of waiting to 65 to fulfill their dreams. This leaves not much left to save for retirement. ” Recently Go Banking Rates conducted two studies on savings rates with startling results. It’s all too much.