Comments on No More Spending.net: Debt vs Savings: how we do it

I was actually wondering the same thing, so I'm gl...

2009-09-16T04:03:04.019+02:00

I was actually wondering the same thing, so I'm glad you clarified. And now that you did, it makes perfect sense. Also: Good for you for paying off your debt yourself! That takes a lot of guts. How has your husband responded to this decision?

I had both debt and savings as well. First, the sa...

2009-09-14T21:42:15.694+02:00

I had both debt and savings as well. First, the savings are a safety net as you noted. Without a safety net every little unexpected bump in the road will drive you back into debt. Two, I was proud of my savings and watching the balance grow helped me deal with my other financial demons. I think it depends on the person, some want to put everything towards debt while others would rather keep some money in the bank.

I think that makes a lot of sense. I also really ...

2009-09-14T17:31:10.992+02:00

I think that makes a lot of sense. I also really respect your decision to take care of your debt yourself. That takes a lot of guts & character.

I think you've got it spot on. I know some would ...

2009-09-14T14:38:25.897+02:00

I think you've got it spot on.

I know some would rather attack the mortgage and the debt but I believe in pay yourself first whilst of course still meeting financial committments.

There is no point in putting large amounts to debt/mortgage without sufficient savings,IMHO this is a huge risk to take and could expose you to all sorts of financial problems if things take a turn.