Paying off debts is not fun, and many times it is like a heavy weight bearing down on your shoulders. However, getting rid of those burdens is critical to your financial future, so you must push through. If you become bummed out about your situation, take a look at this article: 4 Ways to Stay Motivated When Paying Off Debt (msn.com). For me, the biggest reward is the first recommendation of tracking your payoff progress. This doesn’t need to be boring, so spice it up a bit. Have fun, be creative, and come up with your own way of visualizing your payoff. I personally like the thermometer idea. The most important aspect is getting it right in front of your eyes. Otherwise, it is “out of sight and out of mind,” and the debt continues to grow. Remember that you can attack debt with different methods and strategies. The most important thing is to get rid of it ASAP. As always, it is different for everyone. Once the debt is gone, make sure you stay on course and steer clear of creating new debt. Having a spending plan is key for this. Hopefully, the overbearing weight of debt and memories of getting out of debt overpower the temptations to blindly swipe your card for things you cannot afford.
