There's a million reasons to throw a party. Maybe it's New Year's Eve, you bought you first home, your divorce is final, you just told your boss to go to hell after working the same dead end job for the past ten years OR you finally landed your dream job and will be able to work from home and get paid more than ever before. These are all common reasons why people design Evites and spend money to celebrate landmark moments in their life. But what about throwing a party because you paid off a major debt? Yep.
Loan-Payoff Parties are the New Rage; When is yours going to be?
To date, my most prized accomplishment is paying off my car. I felt so responsible when I sent them my final payment. I looked at the car and it was mine, all mine. I can't imagine paying off debts upwards of $100,000 or more, but if I had done it, I would probably throw a party as well. So here's how it works, pick a bill, any bill, and set your sights on how long it will take to actually drop the final payment. After that, reach out to your closest family members and friends and invite them to come and share in the joy of your achievement.
I would imagine the goal here is to celebrate your financial success , while not going overboard and ending up in debt again. Don't go buying the bar for everyone or partying outside of your means. Another suggestion is to incorporate a charitable aspect to the night and ask that people make a small donation to help give back to the less fortunate. That will keep the concept of saving money/being responsible with money at the forefront of everyone's mind, including yours!
Words by Sid Powell
Sid Powell is the NAACP-nominated screenplay writer of 'Somebody's Child', a mother of two, and the owner of SIDPo Productions. Read more about how SIDPo Productions is 'Changing Everything' at www.sidpoproductions.com.