Comments on: The Rush of Paying Off a Debt

By: NCN

NCN — Wed, 31 Dec 2008 20:23:22 +0000

Rock on! It does feel great, doesn’t it! Keep it up…
NCN

By: Fabulously Broke

Fabulously Broke — Sat, 27 Dec 2008 14:16:22 +0000

Strangely, most of my highs were putting money towards the debt, not actually clearing the final amount…. :-\

When I cleared the final amount, it was very “meh” for me.

By: 2008 Best Personal Finance Posts — Green Panda Treehouse

2008 Best Personal Finance Posts — Green Panda Treehouse — Sat, 27 Dec 2008 09:38:10 +0000

[...] The Rush of Paying Off a Debt [...]

By: Debt Reduction Formula

Debt Reduction Formula — Fri, 21 Nov 2008 18:04:06 +0000

I can totally relate. Paying off a debt is a rush.

What I like is that feeling you have one month later when you notice you didn’t have to make that monthly payment… and then you notice you have more money in your bank account than normal!

By: Mary@SimplyForties

Mary@SimplyForties — Sat, 15 Nov 2008 22:36:03 +0000

That’s the feeling we’re all working so hard to achieve! Congratulations, one down!

By: Markemmanuel

Markemmanuel — Tue, 11 Nov 2008 07:31:14 +0000

Congrats on paying off the car! Accomplishing a goal is one of those highs that leads to reaching more goals. You’ll get that home equity loan paid off in no time with one burden lifted from your shoulders.

By: Andy @ Retire at 40

Andy @ Retire at 40 — Tue, 11 Nov 2008 01:13:39 +0000

I had the same feeling just a few weeks ago, the satisfaction of paying off debt was immense and very enjoyable. It just makes your life feel better, freer and you're then more able to concentrate on other things. Congratulations on getting rid of that car loan debt and well done on keeping going for your other debt. I hope you had a highly enjoyable day when you finally wrote it off.

By: Doctor S

Doctor S — Mon, 10 Nov 2008 20:15:40 +0000

Paying off debt is an indescribable feeling (spelling?). I recently paid off all my credit card debt and I feel like a new person. Now onto the student loan debt which I like to call “A mortgage without a house to show for”. In 10 years when I am done paying it off I will comment on this very article again! Congratulations to you.

By: Caleb Nelson

Caleb Nelson — Mon, 10 Nov 2008 19:44:17 +0000

You are totally right about how good it feels to pay off debt. Especially debt that you’ve been working on for a while. A buddy of mine just made his last mortgage payment last week. I can’t wait to experience that feeling, of paying off a car or a house. I’ve paid off school loans and minor debt, but I’ve yet to experience eliminating some extensive.

Caleb

By: That One Caveman

That One Caveman — Mon, 10 Nov 2008 19:15:23 +0000

While I would love to pay for my next car in cash, that’s not going to be a possibility. We’ll need a 2nd baby-safe vehicle soon and there’s just not enough time to save up enough cash. Instead, we’re going to focus on getting a quality used car with the best financing possible from our local credit union and then pay that off as fast as possible.