Monday Money Minute: Our Second Favorite Thing about Paying Off Debt

Only Our Second Favorite Thing

Our second favorite thing about paying off debt was creating and planning for milestone rewards. When we were paying off debt, we set different benchmarks, or milestones, of success to motivate us. When we reached these milestones, we did our second favorite thing about paying off debt and rewarded ourselves. Usually these rewards were smaller and cheaper than the rewards we gave ourselves when we were piling up debt, but they were fun nonetheless. They were also more rewarding because every time we got to do our second favorite thing, we were that much closer to our long-term goal. That made it sweeter.

Learn more about our second favorite thing about paying off debt and use this strategy as incentive to reach your financial goals. Let us know what your financial goals are in the comment section below. We’d love to hear from you.

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The Monday Money Minute is the Debt Free Guys’ way of inspiring you on the toughest day of the week to stay true to your personal finance and life goals. Please let us know your thoughts, questions and comments. We would love to hear from you. And, who knows? Maybe you will be the inspiration for the next Monday Money Minute.

P.S. Our favorite favorite thing about paying off our debt was paying off our debt.

Comment List

  • Mr Ricket 28 / 10 / 2015 Reply

    Thanks guys for interesting articles. You are truly inspiring. In fact, I created this blog to document my journey as well.

    Thanks and good day.
    Mr Ricket

    • David Auten 28 / 10 / 2015 Reply

      Thank you Mr Ricket. We will check out your journey. We hope to be inspired by your story as well.

  • Al 28 / 10 / 2015 Reply

    Our goal is to create a passive income so we can work less and experience more!

    • David Auten 29 / 10 / 2015 Reply

      Al, that is always a great goal. Having horizontal income streams means you don’t have to rely on just one job for all your income. We are doing the same. How is your journey going?

  • Al 29 / 10 / 2015 Reply

    Funny, my wife and I were just discussing the mistakes we made when starting out and how we lacked focus. We have more focus now, our struggles are reliable internet here in Latin America. Our passive income buys us a cup of coffee every now and then, but not getting rich, that’s for sure! We just shifted focus to our Sell All Your Stuff blog, but it’s early days…our weakness is patience 🙂

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