Here are some ideas to help you keep focused while on a debt free journey.
1) Get Mad At Debt
Debt is dumb, simply put. Nothing good ever comes out of having a massive amount of debt. So why keep it around?
Similar to an annoying little fruit fly, debt won’t ever go away unless you get mad and do something about it! The more it sticks around, the more you feel it necessary to kick it out of your life forever.
Getting mad at debt has helped me to remain focused on eliminating it from my life for good.
2) Find Support/Accountability Partner
One thing I have noticed since starting this journey is that some people will tease you, and others will support you.
Stick with those that support you.
I am not suggesting you “unfriend” those who couldn’t care less about your journey, nor am I saying that you should alienate yourself from those who try to convince you that your journey is not necessary.
What I am saying is that you should remain close with those that support your passion and cheer for you along the way. Having the support of my husband keeps me extremely focused, especially since we are in this together.
Also, having a debt free accountability partner is also very beneficial. Since voicing my passion, I have realized that I have many friends who are already debt free or very well on their way.
Establishing such support can help you maintain your financial goals.
3) Connect With Other Debt Free Journeyers
Although you may have support from those around you in your everyday life, try connecting with like-minded people online. Reaching out to those in the debt free community on social media platforms such as Instagram or Facebook can help you out tremendously.
You can also start listening to podcasts that focus on saving money or follow personal finance bloggers. I follow many personal finance bloggers who continue to encourage me through their weekly posts.
Taking on someone else’s perspective on how to become debt free can motivate you throughout your journey.
4) Create Goals & Crush Them
Creating goals, whether long term or short term, can give you that extra push you need when you feel like giving up.
One goal that I have created in the past was to “pay off my student loans by May of 2017”. So of course when I submitted my last student loan payment in February (three months earlier than expected), I was elated.
Creating goals gives you more incentive to keep going and perhaps allows you to fulfill them much sooner.
5) Listen to Debt Free Screams
I agree with a lot of what Dave Ramsey has to say in terms of how to reach financial freedom.
If you do not like his stance on how to handle your finances, at least watch or listen to his radio show segment, →Debt Free Screams. They are extremely motivating.
Every so often I watch these segments as a little pick me up when I feel my journey has slowed down some.
6) Keep a Budget
In one of my previous posts, I showed you how to create a budget. Did you find it helpful? I believe that having a budget can teach you how to control and prioritize your finances, especially if your main goal is to pay off debt.
At the end of the month, when I see I have not exceeded any of my budgets, I know I am doing something right! Don’t get me wrong, there have been several times when I have gone over my budgets.
What I love most about having a budget is that it keeps me in line with my spending, taking me one step closer to reaching my goal.
7) Give Yourself Rewards
Rewards in exchange for accomplishments can keep you motivated during your personal debt free journey. Obviously, you want to keep these rewards within reason.
Try giving yourself rewards for your short term goals (like paying off a $300 credit card balance) and even your long term goals (such as paying off your $60,000 student loan debt). Knowing that you have something waiting for you at the end of each goal gives you a reason to keep going.
Once J and I pay off all of our debt (not including our home), we plan to take a very nice and long vacation…paying cash for it, of course. Which brings me to the next way that can help you keep focused during your debt free journey.
8) Enjoy Life
I have had numerous people tell me that they would prefer to enjoy life now while they are young, rather than to worry about paying off their debts. I have also had people tell me that they may die tomorrow, so they choose to enjoy life today and travel. Hmmm.
What does it mean to “enjoy life?”
For me, enjoying life does not only mean going on lavish vacations or spending money. Making memories, creating lasting relationships, and traditions are all ways you can choose to “enjoy life”.
Don’t forego vacations and shopping altogether now, just don’t vacation or shop on credit.
You can certainly enjoy life, as long as it does not take you further into debt or keep you from getting out of debt.
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What Are Some Ways That Help Keep You Focused During A Debt Free Journey?
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