When we talk about living debt free, we need to address the unicorn in the room: your life will not magically be perfect, and you will not have infinite money. So many people treat paying off debt like it is the ultimate goal: and many people don’t look past that and plan for the future. Check out this post by Tshanina at Thrifty T’s Treasures for the biggest myths out there about debt free living:
– “You can say yes to everything”- Now that your debt is gone, your next step is to save and plan for the future. In order to plan for the future you can’t start saying “yes” all the time.
– “You can splurge all the time!” – It’s okay to have a “wish list,” but just know that you won’t be able to have everything you want right when you want it. Prioritize the items on your list and start knocking them off one by one.
– “Your money stress is gone!” – The stress level is totally different, but it’s still there nonetheless. It’s as if you’ve been given a huge responsibility and have to decide what to do with it.