Comments on: Are rewards for successfully paying down debt a good idea? http://www.afinancialjourney.com/128/are-rewards-for-successfully-paying-down-debt-a-good-idea/ From the depths of debt to a cash based existence Sun, 07 Mar 2010 22:10:04 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Kate http://www.afinancialjourney.com/128/are-rewards-for-successfully-paying-down-debt-a-good-idea/comment-page-1/#comment-25 Kate Tue, 16 Jun 2009 02:21:37 +0000 http://www.afinancialjourney.com/128/are-rewards-for-successfully-paying-down-debt-a-good-idea/#comment-25 <em>@Rachel</em> I do treat myself when I'm losing weight because I know it's the only way to keep things real for me, but I'm careful to keep it in line with my ultimate goal. Now that I'm working on paying off all my debt, I'm trying to go at it the same way with money. But like food, sometimes it's hard to know when it's okay to ease up and when it's not. Nobody likes to plateau for long. It's easy to lose your motivation to reach your goals when you stop making significant forward progress. I don't want that to happen to me. @Rachel I do treat myself when I’m losing weight because I know it’s the only way to keep things real for me, but I’m careful to keep it in line with my ultimate goal. Now that I’m working on paying off all my debt, I’m trying to go at it the same way with money. But like food, sometimes it’s hard to know when it’s okay to ease up and when it’s not. Nobody likes to plateau for long. It’s easy to lose your motivation to reach your goals when you stop making significant forward progress. I don’t want that to happen to me.

]]> By: Kate http://www.afinancialjourney.com/128/are-rewards-for-successfully-paying-down-debt-a-good-idea/comment-page-1/#comment-24 Kate Tue, 16 Jun 2009 02:18:21 +0000 http://www.afinancialjourney.com/128/are-rewards-for-successfully-paying-down-debt-a-good-idea/#comment-24 <em>@The Yellow Piggy Bank</em> I have definitely found that the longer I force myself to stay strict without any breaks, the more likely it is I'll splurge and overspend. So far, that hasn't happened lately, but the purchase of the camera and other use of a little extra money this month is my plan to forestall any budget-busting splurges! @The Yellow Piggy Bank I have definitely found that the longer I force myself to stay strict without any breaks, the more likely it is I’ll splurge and overspend. So far, that hasn’t happened lately, but the purchase of the camera and other use of a little extra money this month is my plan to forestall any budget-busting splurges!

]]> By: The Yellow Piggy Bank http://www.afinancialjourney.com/128/are-rewards-for-successfully-paying-down-debt-a-good-idea/comment-page-1/#comment-23 The Yellow Piggy Bank Tue, 16 Jun 2009 00:39:05 +0000 http://www.afinancialjourney.com/128/are-rewards-for-successfully-paying-down-debt-a-good-idea/#comment-23 I reward myself for staying being dedicated to paying of my debt as soon as possilbe. Like you I struggle with when is it okay to not give every penny to my debt. If there is something that I need or want and I don't want to miss the opportunity I will put it in the upcoming budget. From time to time I start to reward myself alot and my progress slows, but I just get back on the wagon and refocus. It is hard not to become comfortable spending the money that goes towards debt. I reward myself for staying being dedicated to paying of my debt as soon as possilbe. Like you I struggle with when is it okay to not give every penny to my debt.

If there is something that I need or want and I don’t want to miss the opportunity I will put it in the upcoming budget. From time to time I start to reward myself alot and my progress slows, but I just get back on the wagon and refocus.

It is hard not to become comfortable spending the money that goes towards debt.

]]> By: Rachel http://www.afinancialjourney.com/128/are-rewards-for-successfully-paying-down-debt-a-good-idea/comment-page-1/#comment-19 Rachel Thu, 11 Jun 2009 02:22:07 +0000 http://www.afinancialjourney.com/128/are-rewards-for-successfully-paying-down-debt-a-good-idea/#comment-19 I am totally the same way about feeling the need to reward myself. So many people have related getting out of debt to losing weight, and just like when you are trying to lose weight, you need to give yourself a treat every now and then, I think the same goes with your debt. If I deprive myself of all luxuries or drastically alter my lifestyle to get out of debt, it won't happen because I will just get disillusioned and go back to my old habits. I am totally the same way about feeling the need to reward myself. So many people have related getting out of debt to losing weight, and just like when you are trying to lose weight, you need to give yourself a treat every now and then, I think the same goes with your debt. If I deprive myself of all luxuries or drastically alter my lifestyle to get out of debt, it won’t happen because I will just get disillusioned and go back to my old habits.

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