You’d have more money to spend. Each debt that disappears is like getting a raise at work. Money that was being drained into debt repayment would turn into disposable cash that you can spend elsewhere. Not only would you stop losing money, but you’d actually be gaining money.
The peace of mind would alone be worth it. Without that monthly nagging in the back of your mind, you’d be able to sleep easier at night. Every unloaded debt is one less bill to worry about. With more money to spend, your other bills wouldn’t be as overwhelming. You’d have more money to put towards savings and investments. In essence, you’d ease a lot of financial stress.
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