Stories about how ordinary people pay off debt quickly can be amazing, inspiring — and somewhat deceptive.
These tales often mention the sacrifices debtors made but may gloss over the cost to their quality of life or the misguided choices they made. Becoming debt-free can be a worthy goal, but understanding the pitfalls can keep you from repeating others’ mistakes.
In my latest for the Associated Press, why some folks wish they hadn’t paid off their debt in such a rush.