3 Reasons Debt Freedom Is Something To Fight For

May 3, 2019 Stu Q

Being debt free is something we should all fight for as adults. Although getting into debt is something we all will inevitably face, it does not have to be the end of it all. There are so many reasons to be debt free. However, there are three big one’s I have come to understand and appreciate. They are reasons you will too.

1) Diminished Stress

Having debt comes with a significant amount of stress both emotionally and physically. There is fear you will not be able to make ends meet at times. There is also fear one false move could mean disaster for you and your household. However, being debt free removes this burden. Without the burden or worry that you owe so much, but you still need to live. All of this is gone. You can begin to live again

2) Increasing Your Savings

When you are budgeting to get out of debt, you are likely also setting aside money to save. With debt, these savings are much smaller or even non-existent. Thus, your buying power or wealth is diminished as well. However, being debt free shifts the balance. When you are not responsible for paying a monthly car payment, mortgage, or credit card payment, you are free to save that money. You can build a retirement, or invest in other things. It takes money to make money. If you are burdened with debt, you will struggle to achieve this.

3) A Better Lifestyle

Debt is a beast to live with. It is this untamed creature which is constantly scratching at your thoughts and feelings. It influences some of the decisions we make and how we treat others. However, being out of debt is again a huge burden lifted from your conscious. You become happier and willing to enjoy life more. Your whole countenance changes and you will see so many things you once ignored differently. Being out of debt is an amazing feeling, but it can be a difficult road to get there.

Getting out of debt is a long path for some. It will require some big sacrifices and heartaches along the way. However, the end result is worth it. Yes, you put yourself in that mess, but you are getting yourself out.