This week I want to encourage you to keep making payments!  Don’t worry, I haven’t lost my mind there is a method to this that you will thank me for.  There are a couple of scenarios I want you to look at with me:

Scenario 1 – You still have a little debt but no savings to speak of
If this is you then here’s what I suggest:  Create an amount that you can manage comfortably each payday and put that amount into savings.  Don’t skimp on this and/or don’t skip out.  Treat this as if you were paying a loan payment.  Continue this until you get your savings amount built up.

Scenario 2-You’ve paid off all your debt except for your mortgage
If this is you then take the amount you were paying as a car payment and continue to put that amount into savings.  If you don’t have a savings built up, use this to fund that to a comfortable level; if you do have savings already then let this build up to however much it would take to replace a vehicle.  THEN…when your vehicle wears out and/or it’s time to get a newer one you have the money to do so without creating more debt!

Scenario 3-You have no debt whatsoever (let me stop here and say CONGRATULATIONS!!!!)
Save, Give, Save some more and Give some more!  You should be regularly adding to your savings all the while being a cheerful, generous giver.

I always say “money in the bank gives you options” so just because you’ve made all your payments don’t stop allocating money and funding your savings.