What I Plan to do When I Become Debt Free

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We have reached the end of the debt free journey series. I hope that you have learned a little more about me and what I am attempting to accomplish. You were able to see my financial background, my budgeting information, and how I stay motivated even though medical bills are piling up. The final topic for the series is what I plan to do when I become debt free.

The first thing that I plan to do upon becoming debt free is to save money like crazy! I know, where is the fun in that? Well, I have so many goals and I need money saved in order to accomplish them. I do not want to ever be in debt again if we can help it. I want to purchase a house with cash and be able to replace our cars (with used ones of course) as needed. Saving for medical issues is another one of my main priorities. As I have learned, everyone is healthy until they’re not.

Next, I would love to be able to travel the world. My husband and I have never taken a trip to another country. I plan to obtain a passport during my saving phase. A few of the places that I would like to travel include Africa, Paris, and Niagara Falls. I would also like to take a couple of all inclusive trips where we can just relax and unwind. In addition to these big trips, I plan to take mini vacations throughout the year. It would be so cool to visit all 50 states on a cash budget.

By the time I am debt free, I plan to maximize my retirement contributions and securing my children’s future. This is very important to me because I do not want to depend on the government for my financial future. It is important for me to provide my future children the opportunity to attend college without accumulating debt. Giving to charities and funding projects to help others also falls into this category for me. These items are all written strategically into Dave Ramsey’s baby steps. This will officially indicate that I have set myself up to live (and give) like no one else.

While these dreams are still years away, I love to document what I plan to do in the future. I will be awesome to see how this changes as I get further along in this journey. Vision boards help me keep everything on track. I can’t imagine the feeling of being debt free just yet, but I know it will be great. This journey is so rewarding and I love feeling like I have accomplished something with every bill that I pay off. I am so excited for the day when my husband and I can scream “WE’RE DEBT FREE!“. I hope that this series has motivated you to want to become debt free as well.

Question of the day: What do you plan to do when you become debt free?

Please note, I AM NOT A FINANCIAL PLANNER. This series was written based on my experience and journey to become debt free. If you feel you need additional advice, please consult a certified professional.

Disclosure: I occasionally use affiliate links, which means that I will receive a small commission if you purchase a product after clicking the link. My product reviews are honest and I will only promote products that I enjoy and actually use myself. I purchased this product myself with my own funds. Please view my full disclosure policy. Thank you for your support.

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