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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 Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) But it wasn’t a decade of nothing but paying off debt. When we first started we couldn’t have even conceived of becoming completely debt free. What inspired you to get debt free?

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Why You Should Be Skeptical of Financial “Rules of Thumb”

Prairie Eco-Thrifter

While they can be helpful when it comes finding a starting point, rules of thumb should be approached with a degree of skepticism. Another difficulty has to do with the fact that rules of thumb related to stock market returns don’t always work out, either. Rules of thumb are often used to make various financial decisions.

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Create your debt freedom plan

Family Balance Sheet

Becoming debt-free became very appealing and the idea of being able to give more, save more, and live more was the direction we wanted to go. Dave Ramsey has a plan and it has worked for millions of people. His suggestions were a good starting point, but we came up with our own number. But we needed a plan–our own plan.

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What are YOUR Financial Goals? | 31 Days to Organize Your Finances

Family Balance Sheet

Too often we only think about goals in January, but today we’re going to work on new financial goals. Is it to pay off your house? Pay cash for a trip to Hawaii or your kids’ education. Or maybe you want to pay off (and cut up) your credit cards.

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How Angela & Jeff paid off $58,000 of Debt in 2 Years

Family Balance Sheet

Jeff and I are complete opposites, but have made it work for our 13 years of marriage. When I’m not working, I enjoy running and creating content for my YouTube channel. How much debt did you pay off? What kind of debt was it? worth of debt. At that point I knew something had to change.

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Find out how Lydia & her Husband Paid off $36,000 in Debt in 2 Years

Family Balance Sheet

I am a stay at home mom and freelance marketer and my husband works in the construction industry. How much debt did you pay off? What kind of debt was it? But I would say the breaking point came in June of 2011 when I was in a car wreck. Who initiated the debt free goal? To pay off our home early.

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