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Gt(e,o.submitSearchBtn,m(m({},Kt),{label:null!==(t=n.i18n.root.SEARCH_TOOLTIP_WEB)&&void 0!==t?t:"Search the web",containerClass:"".concat(jt.tooltip," ").concat(jt.tooltip__web),tooltipParentElm:o.clearSearchBtn.parentElement}))}));var Jt="_yb_tdk4ba",Vt="_yb_hkd17a",$t="_yb_rtzclf",Xt="_yb_tdbhj6",Zt="_yb_de52ef",Qt="_yb_9hwrey",en="_yb_slc8ta",tn="_yb_bf0svp",nn="_yb_hjic9z";be("ybar-mod-adaptivenav",(function(e){var t=document.querySelector("#ybar-l1-more-menu ul"),n={moreDropDown:document.querySelector(".".concat(Jt)),moreBtn:document.querySelector(".".concat(Vt)),wrap:document.querySelector(".".concat(Xt)),moreSectionTitle:document.querySelectorAll(".".concat(Zt)),editionsCtaBtn:document.querySelector(".".concat(Qt)),editionsMenu:document.querySelector(".".concat(en)),closeBtn:document.querySelector(".".concat(tn)),moreMenuDropDownHeight:t?"".concat(t.offsetHeight+48,"px"):"0"};new 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Most people know this, but it's not a common practice.According to Bankrate, 46% of credit cardholders report having a credit card balance. Furthermore, 23% of people do not think they will ever pay off their credit card debt.However, some people end up paying off their credit card debt, even if it previously looked insurmountable. Several credit cardholders who paid off their debt recently shared what inspired them to get out of debt in a lengthy Reddit post.Don't Miss:The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — and you can too at just $2.90/share.Kevin O'Leary Loves ‘Wonderful Recurring Cash Flows' — These Small Industrial Assets Deliver Just ThatMultiple Redditors said that their inspiration for paying off credit card debt was seeing how much they were paying in interest. Those small interest payments can add up, especially since credit cards are notorious for having high APRs."For me, it was realizing the interest alone was eating up more than my rent every year. Basically paying thousands for nothing," one commenter said. "[That] made me get aggressive about debt payoff."Getting aggressive about debt payoff may require tough sacrifices and pursuing more ambitious goals. Some commenters suggested getting a higher-paying job, cutting down on travel and dining, and learning about personal finance.Trending: Dump Your Financial Advisors. One AI Platform Manages Everything — With Zero AUM Fees. Book Your Demo Today.One Redditor is on the path to becoming debt-free and saving more money. This individual said that their inspiration came from asking uncomfortable questions about what they would do if an emergency came up."It's hard to prepare for things when you don't have the means. It's gonna be a while until I'm in a good spot, but it's getting better over time, so that helps my mental [health] immensely," the commenter said.If you do not have an emergency fund, you may have to take out a loan for a surprise expense that must be addressed right away. A loan results in more interest and puts you deeper into debt. Each time you address an emergency with this approach, it puts you deeper into debt and limits your options in retirement.See Also: From Chipotle to Red Bull, Top Brands Are Already Building With Modern Mill's Tree-Free Wood Alternative — Here's How You Can Invest TooOne Redditor's big moment that caused them to pay off credit card debt was realizing that they were on their own. Many children are used to having their parents cover basic expenses and bail them out in certain scenarios. However, that doesn't happen as much as you get older, and some parents expect their children to be completely independent once they are in their 20s.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,538.50 +27.75 (+0.43%)Dow Futures45,702.00 +14.00 (+0.03%)Nasdaq Futures23,889.50 +221.50 (+0.94%)Russell 2000 Futures2,396.30 +13.00 (+0.55%)VIX14.93 -0.37 (-2.42%)Gold3,632.40 +25.70 (+0.71%)PortfolioSign in to access your portfolioSign inTop gainersAEO American Eagle Outfitters, Inc. 18.79 +5.17 (+37.96%)CIEN Ciena Corporation 116.92 +22.10 (+23.31%)SNDK Sandisk Corporation 62.50 +9.49 (+17.90%)OPEN Opendoor Technologies Inc. 5.96 +0.83 (+16.18%)MLYS Mineralys Therapeutics, Inc. 33.12 +3.87 (+13.23%)Top losersFIG Figma, Inc. 54.56 -13.57 (-19.92%)AGIO Agios Pharmaceuticals, Inc. 36.13 -4.48 (-11.03%)SMR NuScale Power Corporation 36.03 -4.39 (-10.86%)TMC TMC the metals company Inc. 5.12 -0.55 (-9.70%)BLSH Bullish 49.01 -5.25 (-9.68%)Most activeOPEN Opendoor Technologies Inc. 5.96 +0.83 (+16.18%)NVDA NVIDIA Corporation 171.66 +1.04 (+0.61%)AEO American Eagle Outfitters, Inc. 18.79 +5.17 (+37.96%)SOUN SoundHound AI, Inc. 13.29 +0.55 (+4.32%)RIVN Rivian Automotive, Inc. 13.70 -0.74 (-5.12%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersAVGO Broadcom Inc. 306.10 +3.71 (+1.23%)LULU lululemon athletica inc. 206.09 +7.56 (+3.81%)OPEN Opendoor Technologies Inc. 5.96 +0.83 (+16.18%)TSLA Tesla, Inc. 338.53 +4.44 (+1.33%)DOCU DocuSign, Inc. 76.24 +0.34 (+0.45%)Top economic events