Comments on: Finding a Financial Balance When You Are In Debt

By: Kayla Sloan

Kayla Sloan — Thu, 03 Dec 2015 15:08:12 +0000

In reply to Jaymee @ $mart Woman. That's great Jaymee! It sounds like you found a good balance for your financial priorities. That is a great interest rate on your student loan too - wow!

By: Jaymee @ $mart Woman

Jaymee @ $mart Woman — Thu, 03 Dec 2015 07:56:12 +0000

I struggled with this when I came up with a repayment plan for my student loans. To date, I owe $29k in loans but my interest on them is 2.70%. At the same time, we are saving up for down payment for our first house.

I could go 100% towards my loans and then worry about down payment later. However, I’m missing out time and opportunity. I finally settled on a 3 year repayment plan for my loans AND saving up the rest for down payment. I think this works for us at this time.

By: Kayla Sloan

Kayla Sloan — Fri, 20 Nov 2015 16:40:39 +0000

In reply to Cat@BudgetBlonde. That's exactly it! I know I would be further with my debt progress if I stopped saving for retirement a couple of years ago, but I didn't want to lose out on the employer match. It's free money!

By: Peach

Peach — Fri, 20 Nov 2015 04:57:04 +0000

In reply to Cat@BudgetBlonde. I remember when we were getting out of debt, we literally had the pedal to the metal. I was ready to start sacrificing food and water until my wife helped me realize that was, well..... stupid. We lightened up our craziness (my obsession) and soon came to a level of sacrifice we both agreed on. When we were both on the same page with EVERYTHING, the debt seemed to get wiped out even sooner!

By: Cat@BudgetBlonde

Cat@BudgetBlonde — Thu, 19 Nov 2015 01:09:53 +0000

Great post! I definitely agree that balance is key because life does’t stop when you are in debt.

By: Kayla @ Shoeaholicnomore

Kayla @ Shoeaholicnomore — Wed, 18 Nov 2015 15:49:33 +0000

In reply to Holly Johnson. You are absolutely right. I'm glad you agree that some balance is necessary while you are paying off debt.

By: Holly Johnson

Holly Johnson — Wed, 18 Nov 2015 13:39:52 +0000

We no longer have any debt aside from a very small mortgage. However, I agree with these tips! We kept our lives fairly balanced when we were paying down debt many years ago. You can’t let everything go in pursuit of debt freedom – especially your health!