Comments on: Don’t Save, Pay Off Debt!

By: If Moving In The Wrong Direction, Stop Moving | Frugal Dad

If Moving In The Wrong Direction, Stop Moving | Frugal Dad — Mon, 04 May 2009 10:02:12 +0000

[...] fund. Have a good insurance policy in place. Have your wishes fully detailed in a will. Pay off debts to reduce the risk in your [...]

By: Steve

Steve — Mon, 13 Aug 2007 17:29:01 +0000

Ok this is fine but my question is if you are saving for a down payment on a home and you are paying 1% above your savings rate for a car what then? I mean 1% above and a guarantee that you will be out of debt at a certain point. Would you still take your savings and pay off the car?

By: pfadvice

pfadvice — Mon, 10 Oct 2005 06:31:58 +0000

The main problem is that people think they’re saving because they have a “savings account” with money in it and don’t even consider that this is actually costing them money (due to paying higher interest on their credit cards, etc).

By: Caitlin

Caitlin — Mon, 03 Oct 2005 00:38:38 +0000

I like the “red and green” … nice touch!

By: jim

jim — Sat, 01 Oct 2005 03:33:20 +0000

It won’t be in this upcoming week but I’ll be submitting it for the week after.

By: Dawn

Dawn — Sat, 01 Oct 2005 02:58:36 +0000

Good post, hope to see it in the debt reduction carnival

By: ncnblog

ncnblog — Sat, 01 Oct 2005 00:17:23 +0000

Good post!
Sometimes, the most OBVIOUS stuff is not so obvious…
ncnblog.com

By: John

John — Fri, 30 Sep 2005 23:08:34 +0000

“Don’t Save, Pay Off Debt!” This is obvious to many of us. If you need an explanation of this, then you’re in debt and don’t really need an explanation because you’re not going to listen to it. You need to evaluate why you are in debt in the first place. What put you in debt. When you realize, comprehend and understand what put you in debt, then you can get out of debt.