This means not only paying off debt, but not acquiring new debt. Here’s my short term plan: divert a sufficient amount of each paycheck for two years (beginning in August) into a savings account to both pay off my loans (which aren’t major, but I want to pay them off at the end of those two years since they begin to accrue interest after that—my postdoctoral education extension won’t take me any farther than that) and to buy a new car, which I’ve wanted to do for a while and I think two years is about what my car has left. I’ll encourage my partner to do the same—to pay his income into a savings account for something he wants and to pay off debt. I think we’ll be able to unhinge ourselves from debt culture.
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