When we pay off our debt then it makes us sleep better at night. We plan aggressively to pay any debt we owe. BMO Household Debt Report says that 17% wants to be debt free by 2013 and 37% wants to be free of debt by 2017. The report did not say how they will be paying-off their debt.
No matter how we plan – for the majority of us it does not happen the way we plan. As we grow older our plan keeps changing. The goal of being debt free remains a distant dream for many.