How did you celebrate being Debt Free?

I wasnt sure if this belonged in YNAB Wins, Debt, or Fun Money... I started the thread in YNAB Wins but open to it being moved if need be  😊 

So I expect to become debt free by the end of July! 🥳🥳🥳

I've been saving up since January for a celebratory Debt Free Whiskey, that'll I'll get to buy and enjoy next month. And I am so looking forward to this whiskey. Partly because debt free - but also because it tastes soooooo good it's such a good tasting one and I've been saving up 6 months for it! 

I cant often afford the savouring kind of alcohol (as I said, I've literally been saving 6 months for it) and this is for savouring and enjoying!

That being said it does feel ridiculously decadent to be spending £65 to £70 on Whiskey (edit: about $80-85)... but I feel I've earned it, both through working to pay off my debt, and taking the time to save up for it and buy outright. I'm not buying it on a whim and throwing it on the credit card anymore. 

 

And I was just wondering how anyone else celebrated becoming debt free? 

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  • Mx Emmin Congratulations - debt freedom is right around the corner! 🎉

    You've budgeted for that celebration and I think it's well deserved! Not only have you tackled your debts, but you've funded your true expenses at the same time. A budgeted victory is one well-earned. :)

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  • Congrats. Which whiskey?

    We went out to dinner with some friends.

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      • Mx Emmin
      • Orchid_Banjo.5
      • 10 days ago
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      RIP_MSMoney  Glen Scotia Victoriana

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  • Hi--Congrats on becoming debt free--an expensive bottle of liquor does not sound extravagant to me.  I am also going to be debt free (less the mortgage) in July thanks to a windfall (I feel like I am cheating), so I am not sure whether I am entitled to a celebratory spend or not, and if yes, I don't know how I would spend it.  

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      • Mx Emmin
      • Orchid_Banjo.5
      • 9 days ago
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      Violet Router I think you're still entitled to it because you're making the choice to become debt free rather than buy yourself something shiny  🙃  it's still worth celebrating 

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    • Mx Emmin I agree with you. While a windfall may help you get there faster, you still had to put in the work to analyse the debt, figure out the plan and then STICK TO THE PLAN (shouting cause that is a hard part, especially over time). Definitely celebrate!

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  • To answer the question, I forget! It was quite a while ago now. 😎I'm not sure that I did anything special. I was just really happy to get there and start the other side of things where you can really start to save. Nothing wrong with a Debt Free Whiskey though! I think that's great. I was never too into whiskey in the past until I discovered Skrewball peanut butter whiskey which I love!

    Enjoy! Here's a toast to you. Congratulations, you've earned it!

    Like 2
  • It's a little lame, but I paid mine off just as my state went into Coronavirus lockdown. So I celebrated by putting a good chunk of my paycheck into savings for the first time in a while. It felt really good actually!

    Congratulations! Savor those financial wins.

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  • I flipped back through my YNAB history and it seems that I took my kids to Disney and fully funded my Roth IRA. 😄 Both were goals I had set for 2019, along with becoming debt-free.

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  • I like this thread! 😄

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    • Superbone  I agree 😊

      At first I thought I didn’t celebrate. And my story felt less eventfull as all the stories I hear people tell about paying off debt; the mortgage is still there and the only other debt I had, student debt, I put on hold for quite some time and then paid it off at once recently. Could have done it earlier. Does it still count? 

      But reading this thread made me realise it’s up to me to decide whether it counts 😁 and also to tell myself the story I want to remember (don’t mean change the truth, but to decide which glasses I use for looking). Also, paying off the student debt freed the way for reserving money for a course I started some months ago and would very much like to continue....

      So, yes, I’m celebrating by allowing myself an exciting new course that will bring me self developement and possibly a new career. Mx Emmin Thanks for the question!

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      • Mx Emmin
      • Orchid_Banjo.5
      • 9 days ago
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      Aw, shucks  😊  I was just curious about other people haha and was kind of surprised this thread didnt already exist!

      Powder Blue Pony  it definitely counts and that sounds really exciting! I'll technically still have Student Loans but in the UK it comes out of my paycheck before my paycheck hits my bank account so it just acts like an extra tax and is almost invisible to me

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