What Is It Like To Be Debt Free

You can start saving for fun vacations new cars and other items that you never thought you could afford.

Rather like a long term prisoner becoming institutionalized and fearing ever leaving the confines of their cell so many of us can struggle to imagine a debt free life. Whether they re helping their family friends church or a mission they believe in it s always more fun to contribute to a bigger cause than stockpile it for themselves. Debt should not be a life long endeavor. At best debt should only be something that lasts a few years.

For many being debt free is an ideal way to live here are 6 good reasons. Suddenly your salary is worth a lot more. They know that the more they keep their hands open the more fun they can have with money. When you are debt free you live a life of abundance.

Debt free people know that they have the freedom to live and give generously. While it can be hard to become debt free immediately just lowering your interest rates on credit cards or auto loans can help you start saving. The fact is that when you ve been carrying around so much debt for so long you can start to forget what it feels like to be debt free. Also if you re eliminating debt but also adding to it at the same time then you won t get anywhere fast.

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Like i said earlier if you don t know why you are in debt then it would be hard to stop adding to your debt and become debt free. Without debt you need a lot less money to live on. How it feels to be debt free. There are only two reasons for me to ever go back into debt for my health and for my freedom.