So should I pay off all my debt or sit on the cash?

pay of half. and have enough money at hand for whatever

Everyone should strive to be debt free...

also they should strive to have at least $1000 emergency fund on hand.

OP, Get your EF and then pay off those parasites

Debt Free, It's the best feeling next to "Won Money"

Cash is king, hold on to it

Yep, but you can't be king, when you owe someone else.

cash is king today & only good for wiping yr ass tomorrow. if u have cash make sure u have the things REAL THINGS that you might need. dont pay off the debt, they shouldnt have loaned you any money, it was silly of them

Put that money to work....that's how the rich do it.

as we see in cyprus now.
whatever you do. dont have a large amount of money on a bank account cuz they can just take it if they want.

id say try to have (like the other guy said) atleast 1000 at hand. dont pay off all your debt if that means you wont have that.

I have been arguing with my wife about this forever. She takes 100% + of our income and puts it toward bills and reserves nothing for savings. I am of the mind we should be spending as much of our money as possible on preparedness but she doesn't buy into the whole SHTF situation. My thing is this: once we need it, its going to be too late to get it. We live near New Orleans, there's 101 things that could go bat shit crazy here and I just want to be prepared for any one of those eventualities. We have two infant children as well (twin boys) also which only incenses me more to prepare.

Whats your opinion regarding holding cash today.

I understand paper money may not be worth the paper it was printed on, BUT WOULD A ROLL OF QUARTERS BE RECOGNIZED AS BEING WORTH ANYTHING?

well preparing for a real shtf scenario sounds kinda stupid.
never hurts to have some money at hand. and have a way of protection. some extra wather and food. etc
not like spending a shit load on preps

lol

youd be better off having silver
even if that wont be worth nothing. people will still think its worth something and something they can trade

hey for all care you could have some fake gold! lol
good luck testing that during the apocalypse

buy gold, declare bankruptcy.

Some bitcoins, some silver and a bit of debt...

You can't eat gold.

you cant eat your money either right now, can you?

get it "can" you? :P

Hide your money, declare bankruptcy, and tell them all to fuck off.

LAME to the 10th power.
Statements like that just show the rest of us that you are a parrot for TBTB, the Mockingbird Media, or both.

another way to look at it is via inflation and currency collapse.

With inflation your tomorrow or day after tomorrow dollars are going to be worth less, so if you pay them back later, you are paying with devalued dollars.

When currencies collapse or are replaced, the old currency is worth very little, ir anything at all. Precious metals will still maintain their value, and could still come back as backing for a new currency. So one thought is to pay some debt, put some into PM, and use the rest to buy things you can always use, regardless of the situation.

Just some thoughts.

My guess is that tptb will know who has gold and when the time comes they will be taking it back, you could always shoot it out with them to try and keep it, but you will end up dead, your choice.
On the other hand you could pay off your debt and save yourself from slaving away in a private prison, which is coming down the pipe, they are just not called debtors prisons anymore.

If it saved me money on interest I'd pay off that particular debt. Otherwise I'd hold the cash.

Are you kidding me?? Don't pay one fucking dime.

Assuming there is no doomsday scenario, it is always better to NOT be paying interest on anything. To own it free an clear is far less expensive. So, if you think the world is going to continue plugging along as is, pay off any and all debt.

If you think there's a currency collapse in the future, there is still good reason to pay off debt. Someone above mentioned that you'd be paying off the debt with devalued currency. That's not how it will go down.

Look at Argentina as an example of how the banks will re-evaluate debt based on new value of the currency. A currency devaluation, followed by an economic breakdown, will make it far more difficult for you to make payments on your debt. And banks will eventually foreclose on the items you owe money on.

I would just be current on all bills, don't spend and save.

Debt is not real. Don't pay it unless it's to family or friends.

Any debt to banks, corporations or agencies is fake.

Ran into this situation. I paid the debt off, even though I had the cash. Fortunately, nothing bad happened for a long time and now the debt would have been paid naturally. It took me years to pay it off. Now I will never go back to that situation.

good luck with your decision OP.

What type of debt?

Paying off something like a car loan early is rather pointless. You owe what you owe the second you signed the loan regardless of how fast you pay it off.

A home loan on the other hand can save you tens of thousands if you pay it off early.

Captain Obvious, is that you???

Pay your debt.

pay up. who in their right mind would STAY in debt, to anyone?