April 2, 2015

Hey debt fighters! I’m so excited to share this dear debt letter as it offers a fresh perspective on debt. AND you must congratulate Kate as she has recently paid off the last of her debt!

Kate from Goodnight Debt graduated from law school with $45,330 in student loan debt. She made her final student loan payment on March 27, 2015, paying them off in only 15 short months. 


Dear Debt,

Can you believe we’ve known each other for nearly 5 years? I guess stress and life events make time fly by.  It feels like we met just yesterday.

It has been a good ride, but we can’t see each other anymore. I don’t mean to be rude, but it’s time we went our separate ways. Did you really not see this coming?

I can’t say that I’m going to miss you, but I want you to know that I appreciate everything you have done for me. You’ve done a lot.  Sometimes I feel like you don’t get the recognition you deserve.

So, I just want to say…. Thank you.

Thank you for helping me gain my independence to stand on my own two feet.

Thank you for letting me pursue opportunities that were low or no pay but were pivotal in finding my right path.

Thank you for getting me through law school. Without you, I would have needed to divert my attention from what was important to make ends meet.

Thank you for being there after I graduated. Things got really bad for a while and without you, who knows what kind of mess I would have been.  (Likely: An emotionally unstable, unemployable mess.)

Thank you for pushing me into new opportunities when the time was right.

Thank you for helping me grow closer to my Husband.  (Do you remember him? You two hung out a lot like 10 years ago.)

Hopefully, we can see each other again in a few years. I’ll need your help with a few things…. How are you at home improvement projects?

Thank you again,


Melanie is a freelance writer currently living in Portland, Oregon. She is passionate about education, financial literacy, and empowering people to take control of their finances. She writes about breaking up with debt, freelancing, and side hustle adventures at DearDebt.com.

Currently she puts more than 50% of her income towards debt, while living a frugal, fun life. In addition to her love of personal finance, art and music, she is also a karaoke master. Follow the adventure @DearDebtBlog.

Latest posts by Melanie (see all)

16 responses to “Dear Debt, Thank You”

  1. Congratulations, Kate! You’ve made it! Your letter challenges my view on debt. I have considered my relationship with debt to be strictly unhealthy. You point out that debt has helped you to get to where you are – which is a very good place. It’s the whole debate about good debt vs. bad debt. Perhaps it’s my stage of life (within a decade of retirement) that makes me see all debt as negative. All the best on the other side of $0 : )
    Prudence Debtfree recently posted…Bad Money Management & Wake-up CallsMy Profile

    • I’m glad I could challenge your view on debt. Just like money isn’t inherently good or bad, I think debt can be good or bad depending on how you use it. Your life stage is also a huge factor. If I’d been closer to retirement, I’m sure I’d be a lot less thankful.
      Kate@GoodnightDebt recently posted…Thank you DebtMy Profile

  2. Congrats on paying off your student loans Kate! 🙂
    Nichole @ Budget Loving Military Wife recently posted…Our Journey to Mortgage Freedom: April 2015My Profile

  3. Courtney says:

    It is true that while debt is considered by most to be an awful thing….it can actually help us grow up. It’s good to say goodbye and saying thank you to your debt shows how far you’ve come. So awesome!
    Courtney recently posted…FOOD ~ March 2015My Profile

  4. Michelle says:

    Congratulations on paying off your debt!!
    Michelle recently posted…Making The Hard Choices-Learning To Trust Your InstinctsMy Profile

  5. What an inspiring story!
    The Money Spot recently posted…5 Key Ways To Having A Fun and Inexpensive SummerMy Profile

  6. I like this spin. Debt being leveraged to afford more.
    Stefanie @ The Broke and Beautiful Life recently posted…How to Make Six Figures Before ThirtyMy Profile

  7. Ron says:

    Congrats Kate on dropping that school debt! You are right, that debt was there for a good reason, and that reason was to help you get through law school. It’s a nice angle on good debt vs. bad debt, like what other commenters said.

    That being said, good luck on your future endeavors! I hope to join you one day and write a debt-free break-up letter!

    Oh, BTW, I went over to you site and saw your 7 steps on how you paid off your loans. I especially liked #3 and creating a separate bank account for the loans.

    Ron recently posted…New Portfolio PageMy Profile

  8. Tony Booth says:

    Congratulations, your attitude is a real credit to you.

    I hope my two children display such a responsible approach

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge