No. of Recommendations: 49
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).
Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.