I am the type of person who really loves having goals and something to look forward to. When I was in the process of paying off my credit card debt, I was so incredibly motivated. It was actually fun to throw money at it every month. I loved seeing the numbers dwindle and eventually go to zero. It was almost like a game, like the ultimate challenge to myself.
Right now, I am involved in the Yakezie Challenge, and I am keeping a spreadsheet of my ranking and the changes it has made over the past few weeks. (I am seriously obsessed with spreadsheets. It’s an illness!) Once again, I feel excited and motivated. I know the goal is in sight, and I am looking forward to reaching it. It’s not the same as becoming debt free, but it has the same feeling and the same momentum of getting inspired and excited about something and watching it come to fruition.
I can tell you that when I finally paid of that last credit card, I was euphoric! I remember feeling like I could do absolutely anything. I couldn’t believe that my budget spreadsheet said ZERO in the credit card category. I gained back $500 a month in my budget that I could do whatever I wanted with! Of course, I knew the right thing to do was to snowball it and start working on my student loans.
Yet, when I started to pay off my student loans, a funny thing happened. I thought I would have incredible momentum to conquer them. After all, I’m a super motivated person, especially when I put my mind to something. Yet, because my husband has six figures worth of student loans, it feels like I’m trying to climb a mountain without any gear. As many blog friends around me knock out their debt left and right, I feel like blogs wont even exist anymore (blasphemy!) by the time I pay off all of my husband’s medical school loans.
So, this time around, I am really lacking that drive and that motivation to get going, because it seems like the end goal is so very far away. I know that every little bit helps, but since my husband is still in school, the debt keeps growing.
Ultimately, I do remember what it felt like to be credit card debt free, but it seems like a distant memory now that I am focused on our student loans. Perhaps I can break it into smaller loans and work on my momentum that way instead of viewing it as one giant current I’m trying to swim against (lots of nature references today!) Either way, I’m hoping something will inspire me soon, so I can have that great debt-free feeling once again!
Are you debt free? Come on tell us: how does it feel? Is it everything you hoped it would be or do you feel kind of lost now that your goal has been reached?
**Lance’s Two Cents** We have a long way to go on Tori’s student loans so I definitely know how you feel with the huge student loan debt. We hope it feels pretty awesome, but more importantly it’ll free up cash flow to enjoy on other things!