So, I still have debt. I am steadily working my way toward my goal of no loan or credit card debt, and then I'll start hammering away at the car loan. While throwing big chunks of my income toward debt and still putting away a modest amount of savings, I assumed I would feel broke, stressed and trapped, but the opposite happened. The small cushion in the savings account provides a feeling of safety, and knowing that I've knocked enough of my debt down that the minimum payments are reasonable really makes me feel like I could weather a financial downturn, if I had to. (hopefully I don't have to).My FICO score is up 10 points and my debt-to-income ratio is getting closer to being a healthy number. I have been only buying things I need and have actually been able to squeeze more debt-paying money/savings out of my income by modifying my lifestyle a little bit. I can finally afford to have some nuisance trees removed from the front yard (One is growing into the power-lines and one is too close to the water main and is also cracking my driveway). None of that cash is coming out of my e-fund or subtracted from my debt-payment money. It's just from pinching pennies and changing some habits. You cannot imagine how great all that stress dropping off my shoulder feels. I can't wait until I reach my goal of being debt free (except the mortgage).
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