Getting out of debt? That’s great. But make sure you are aware of the hidden cost.
If you any debt, you are more than likely doing whatever you can to pay it off. You might be spending less, selling things or have even picked up a second job. However, is it costing you to try to get out of debt?
This cost is not financial. The cost is missing out on your life.
If you are working 2 or 3 jobs simply to pay off your debt more quickly, what are you missing? Perhaps you think you are missing out on just a few family dinners. What about that home run in little league? Or, what about the first time she rides her bike without the training wheels? You might even miss out on story time with your kids at night. Is making money and getting out of debt more important than your family?
I agree that it is important to live a debt free life. However, it is more important to actually live your life.
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You can’t miss what matters just for a few extra bucks. Otherwise, you are living an empty life rather than a debt free one. Life goes by so quickly and we need to enjoy the moments that matter.
My sister passed away when she was 29 years old. She lived a full life and one without regrets. None of us ever knew when she would get sick again. She didn’t know when she might end up in the hospital. Instead, she lived each day to it’s fullest — almost as if it were her last. I learned a lot from her. There are more important things in life than just finances. My family means more to me.
There is never a reason to give up on your family just to earn more money. It isn’t worth it. Who, on their death bed will ever say “I wish I’d spent a little more time working.” No one.
Just make sure that you find a balance. Yes, work yourself out of debt, but make sure you are there for the moments that matter. And yes, even bath time can be a special moment.