Worrying is paying interest on a debt you might not even owe.
Goals work. Pick one debt, and then put every dime into paying down that one debt. Once that debt is paid off, start paying down the next debt. Pretty soon it's time to move from paying debt to building savings.
Worrying is like paying on a debt that may never come due.
Worrying is the interest paid on a debt you may not owe.
I use a "Debt Dash" approach to paying off debt. I recommend people focus on paying off the debt with the lowest balance first. So if the primary has less debt you would focus on that.
Do not confuse "duty" with what other people expect of you; they are utterly different. Duty is a debt you owe to yourself to fulfill obligations you have assumed voluntarily. Paying that debt can entail anything from years of patient work to instant willingness to die. Difficult it may be, but the reward is self-respect.
Too many of us never understand what we owe to our dear ones until there remains no further opportunity of paying love's debt.
An example of good debt is the debt on the apartment houses I own. That debt is good only as long as there are tenants to pay my mortgages. If tenants stop paying their rent, my good debt turns into bad debt.
Above all, recognize that if you have had success, you have also had luck — and with luck comes obligation. You owe a debt, and not just to your Gods. You owe a debt to the unlucky.
People tend to think that paying a debt is like going out and buying a car, buying more food or buying more clothes. But it really isn't. When you pay a debt to the bank, the banks use this money to lend out to somebody else or to yourself. The interest charges to carry this debt go up and up as debt grows.
Cheerfulness is a debt we owe to society, in the paying of which we receive a generous discount. We can not open our hearts to give out cheer without more cheer rushing in to take its place.
Bad debt is debt that makes you poorer. I count the mortgage on my home as bad debt, because I'm the one paying on it. Other forms of bad debt are car payments, credit card balances, or other consumer loans.
The debt immense of endless gratitude, So burthensome, still paying, still to owe; Forgetful what from him I still receivd, And understood not that a grateful mind By owing owes not, but still pays, at once Indebted and dischargd; what burden then?
When I had dinner with a friend or a loved one and one of you pays for the check and the other says, "I owe you next time." I like to think that we're eternally even - that they don't owe me anything or I don't owe them anything if you have a connection with somebody or a love with somebody. I like to think that there's no debt to pay. You love each other and you're happy to pay for dinner every time.
The charge is prepared; the lawyers are met; The judges all ranged (a terrible show!) I go, undismay'd. For death is a debt, A debt on demand. So take what I owe.
I'm wary of the new contactless ways of paying. The idea of paying with your phone is a little worrying: I have lost more than one over the years.