Comments on: Getting Out Of Debt Rewards Plan

By: Mack jackson

Mack jackson — Thu, 23 Jul 2009 05:02:38 +0000

Thanks for sharing such great post, according to me after getting out of the debt trap you’ll be tension free, but for that you have to list out your expenses and try to remove all that which are not necessary. On the other hand you can find some other way to earn extra income and save it in safe manner. By following all this ways you can boost your credit score and get out of debt.

By: Andrea

Andrea — Tue, 14 Jul 2009 20:44:56 +0000

Congrats on almost paying off your next installment bill! I know that’s a load off of your shoulders as well as the bank. Getting out of debt feels great, doesn’t it? We only have a student loan and our mortgage to pay, thank goodness. We have been more fortunate than most and for that I am most grateful. I look forward to hearing more your frugal stories and your plans for Disney. Thanks for sharing!

Andrea
Saving Money to Make Money

By: Richby30Retireby40 Blog

Richby30Retireby40 Blog — Tue, 14 Jul 2009 15:45:39 +0000

Is it possible to be addicted to debt repayment and reward oneself with more debt repayment? Hmmm

Rgds,

By: Dean's Credit Ideas Guide

Dean's Credit Ideas Guide — Tue, 14 Jul 2009 01:28:56 +0000

Its so important to reward the results of our labor in debt reduction (a thankless job!). This article was a good read.

By: The Yard Sale Sofa | Frugal Dad

The Yard Sale Sofa | Frugal Dad — Mon, 13 Jul 2009 10:02:11 +0000

[...] same day I posted my ideas for a debt repayment rewards system we stumbled on a yard sale in our neighborhood with an offer that was too good to refuse. For the [...]

By: DDFD at DivorcedDadFrugalDad

DDFD at DivorcedDadFrugalDad — Mon, 13 Jul 2009 02:04:21 +0000

Steps forward, even little ones, are progress. I firmly believe in progress over perfection

By: RB30RB40

RB30RB40 — Mon, 13 Jul 2009 00:43:04 +0000

Frugal Dad,

Thanks for your post. We should all celebrate more often. Life is too short not to celebrate achievements. I also have to agree with Sherry in post #6. Whatever the case may be we should always remember to at least pat ourselves on the back.

Good luck with everything.

Laser

http://richby30retireby40.blogspot.com/

By: Looby

Looby — Sun, 12 Jul 2009 00:38:25 +0000

I’m kind of with Sherry on this; it’s like a small child wanting a gold star for not misbehaving as opposed to getting a gold star for doing something good.

Two actual recent conversations in my family:
me: I paid off my student loan today.
Mum: good for you dear, I’ll bet you’re glad it’s gone; did I tell you I saw Mrs Neely yesterday?

2 months later:
Mum: we paid off the mortgage today
me: oh wow, very impressive.
mum: and the dog finally let the milkman pat her.

Although in my family we were never rewarded for good grades; it was just expected we’d do our best, I guess it’s a similar mindset.

By: Jason Topp @ Redeeming Riches

Jason Topp @ Redeeming Riches — Sat, 11 Jul 2009 21:21:09 +0000

Rewarding yourself is such a key element of getting ahead financially and making it fun. Many times we feel in bondage to our debt and even our budgets for that matter so allowing ourselves to have some fun is a great motivator as well as great encourager to continue pressing on towards the prize of being debt free!

By: Sherry

Sherry — Sat, 11 Jul 2009 16:29:29 +0000

I think it is great to celebrate the many “victories” we have in life. But excuse me if I’m feeling a little stern about this. Do we need to “celebrate” responsible behavior? I think many times society lulls us into believing we need to be rewarded for every effort that is made. If one has been irresponsible or poor stewards & then makes ammends, do you celebrate that? Or do you simply revel in the satisfaction of doing what you should have been doing all along?

I agree with “celebrating” paying off student loans or a mortgage, both are debt incurred for future gain, but credit card debt accrued from “good times & fun”…hmmmm, no need to celebrate in my mind. And is that teaching your children that they need to be rewared for doing what is right & responsible?

Sorry but our parents never celebrated responsibility, they just did it!