Life After Debt: What It’s Like

by Jackie Beck

Debt can start young — sometimes as early as asking for an advance on our allowance as a kid. So it’s not surprising that many people have never known what it’s like to be debt free.

We fight to get out of debt, dreaming of the day when we’ll be debt free, but it might help to know what being out of debt really feels like.

I can’t tell you (yet!) what it’s like to be completely debt free — house and everything — but I can tell you what it’s like to be mostly debt free.

The difference is astounding. When I paid off my credit cards and then (finally!) my student loan, I felt an enormous weight lift off me. It was q weight that I hadn’t even realized was there, because I’d gotten used to it. But boy did I feel a million times better when it was gone!

There was more to it than that though. All I can think to compare it to is getting glasses for the first time. As a very near-sighted person, pre-glasses I had no idea that you could see individual leaves on trees! A whole new world opened up to me. Suddenly the world was an exciting and beautiful place instead of one big blur.

When you’re debt free, you have a world of opportunity waiting for you. It’s much easier to make your dreams a reality when your money is available for you to use.

Posted in Debt Free Stories | 7 comments.

7 Responses to Life After Debt: What It’s Like

  1. Buck Inspire says:

    Lovely description and good luck as you get completely out of debt!

  2. It’s a crazy feeling isn’t it? Now, people have to learn how to stay out of debt.

  3. Liz from Canada says:

    My new partner and I have just his home and my home to move into a much lower priced home so we can pay off all our debts with the cash difference. We will then take the debt payments we are used to and save that in RRSPs and then take the tax return and pay off the small mortgage on our new home. I already feel an amazing amount of freedom and I am excited to know that we will be debt free including mortgage free in 3 years!
    I have always been frugal but life sometimes throws you a curve ball…my life and finances fell apart after a marriage breakdown and I effectively became a single parent of 2, my partner is also divorced and a single parent. His business was then destroyed when 2 customers went bankrupt and didn’t pay him and then there was the recession.
    Between us we owed about a quarter million dollars but as off the end of this year, other than the small mortgage, we will owe $12k. A big celebration at Christmas for sure!…and more to come!

    • Liz from Canada says:

      Sorry should read “My new partner and I have just SOLD his home and my home to move into a much lower priced home so we can pay off all our debts with the cash difference. ”

      There, makes more sense now! lol