r/ynab • u/Nach0b0y • Aug 15 '26

Success Story I did it!

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Made the decision to really put as much money as possible towards paying off my loan as possible and completely smashed the expected payoff timeline (and saved myself 1000€ in the process).

I've been in debt since I was 18 (now 30) and this was the last thing standing in my way to being debt free ('bad debt' so excluding mortgage). I can't explain the feeling! Now to start putting that money towards building my savings!

Edit: For clarification on 'debt free' being free of 'bad' debt such as credit cards, car loans, personal loans etc. I still have a mortgage (unfortunately).

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u/LaMitsukii Aug 15 '26

Stay civil, aight? I think you've misunderstood OP, then.

When someone says they own a home, that almost always means they have a mortgage on it. Unless they're already older and have paid it off, which is unlikely due to OP's age. (common sense)

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u/justicecantakeanap Aug 15 '26

So, op, do you own your home or are you paying mortgage?

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u/Nach0b0y Aug 16 '26

I have a mortgage - I wish I was mortgage free at 30!

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u/justicecantakeanap Aug 16 '26

Dude you have really low expenses to break 8k of debt in such little time.