Yes, that was a bit of a bait headline, but I couldn’t help it. And yes, push presents are a thing.
About a year ago, M asked me to marry him and promised to keep our net worth positive. At that time, I was dragging us down with my student loans. Well, not anymore! M paid them off! Yup, I no longer have student loans. Happy dance in order:
And, we are now officially DEBT FREE !!!!!!!!!!!!
Being debt free means:
- No extra monthly payments
- A lower monthly operating budget
- Any extra money we get goes to us, not debt
I hear people say all the time that you don’t “need” to pay off low interest debt quickly. I see their point and I wasn’t planning on paying off these loans for another 3 years. Right out of residency, I favored maxing out my tax advantaged retirement accounts over making extra payments towards my student loans.
Existing loans and taking on new ones (mortgage, car loans, etc) give you the illusion that you can afford something you actually can’t. Like 0% interest car loans – trust me, they aren’t doing that to be nice to you. They know you will buy a more expensive car on credit even if you aren’t paying interest – it’s just another monthly payment, right?
Couples who pay off debt together stay together.
Do you agree this was an awesome push present? Comment below!