It is a great feeling to get on top of your debt and know that you are able to make all your payments each month and not have to worry about debt collectors or paying for your groceries but now is not the time to stop doing the things that have helped turn your life around.
You will have become accustomed to using a budget to get your life in order and take control of your money and this budgeting should continue so you can move to the next level where you have additional money that can be used for investment and adding security to your life as you age.
You will probably have a different outlook on life where you understand the difference between wants and needs and as you will have experienced the lows of constant financial stress you will not want to go back there in a hurry.
So continuing along the proven path to financial security of reducing debt and managing the daily flow of your cash will give you a lot more freedom to build wealth now rather than focusing all your energy on reducing debt. It is a more positive phase in your life and you will see how much the debt encroached on your lifestyle and freedom.
You should have adopted an attitude whereby you will only ever spend less money than you earn and where you will never buy luxury or non essential items if you have to go into debt to get them.
You will only consider debt if it is to buy an appreciating asset that will deliver you more return for your money than the amount you are paying in interest.
This new attitude will also include better time management skills and that in turn will give you more time to do the things that you like.
While those times of excessive debt are extremely hard to handle the process of reversing your monetary situation is an education that will set you up for better things in the future.
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