Just wondering what people do when they become debt free? I think there are different areas that people see as debt free from what I have seen some see that being consumer debt free (CC loans etc) but they still ahve a morg and then there is totally debt free where you have no debt at all. People may argue with this but it is just an observation.
We are debt free but are saving to buy a house and whe that happens we will pay it off asap to be debt free again....i'm just wondering what others have done when they have become debt free...
what do you do when your debt free
January 17th, 2019 at 03:18 am
January 17th, 2019 at 10:28 am 1547720906
Mortgage debt is seen by many as good debt. This is a line sold by banks and other lenders to convince you to borrow more than you can afford, thus giving them a longer interest pay out. Debt is debt is debt. Secured debt is safer debt, but it is still debt. No debt of any kind can be good as it makes you a into a slave, your entire life dictated by the debt hanging over your head.
January 17th, 2019 at 10:37 am 1547721457
January 17th, 2019 at 03:07 pm 1547737656
We also have different savings accounts that we fund each month. We have a Christmas Club so we don't run up credit card bills. We have a vacation fund that we put money in so if we go somewhere, we have the cash. Then we have investments as well as CD's and Money Markets.
January 18th, 2019 at 03:32 am 1547782348
January 18th, 2019 at 12:15 pm 1547813725