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How To Stay Motivated When Paying Off Debt

stay motivated when paying off debt

Hopefully those of you who have resolved to make this a debt payoff year are still holding fast to your resolutions. As I’ve started to notice the crowed of new gym users waning in recent days, I can’t help but think others might be struggling with ambitions goals set for the new year. From experience, I know it’s hard to stay motivated when paying off debt. Anyone can to anything for a short period of time, but how about when fixing a problem takes months or even years? Have a Reason for Paying Off Debt It’s important to have a reason for paying off debt. Of course less debt means greater financial stability, but having a more personal reason is a better way to stay motivated. Write down what you hope to achieve once you’re debt free. I want to pay off debt: so my kids don’t have to support me in retirement. so I can spend more time doing what I love instead of working. so I can handle whatever life throws at me without wondering how I’ll pay the bills. so I can take my parents on a trip they’ve always dreamed about. Your reason might be aspirational ...

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