There are so many guides out there on how to get rid of debt. Almost everything I write on here, in fact, is about paying off your mortgage faster, getting out of student loan and credit card debt, and improving your credit score. But what happens when you have no more debt? You’ve paid off all your assets- your house, your car, your credit cards, and any other loans. So, now what? What do you do with your money now, besides enjoy it? Check out this article by Lisa Rowan at The Penny Hoarder for advice:
-Celebrate! Throw a party for yourself, and invite your best friends. You’ve earned it.
-Have a purpose for your money after debt. Choose a new financial goal to focus on- either on maxing out your 401k, getting into investing, or having a certain amount in your savings account. Seeing your savings grow can be more satisfying than seeing your debt shrink.
-Make big plans- Go on a second honeymoon. Travel. Focus on your passions.
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