debt free
Zero balance owed
Debt free describes having no outstanding debts or financial obligations.
Someone who is debt free has paid off all loans, credit cards, and other money owed: We finally paid off the mortgage and became debt free.
The term often appears in personal finance contexts as a goal or lifestyle: the debt-free movement, living debt free.
Also spelled debt-free.
- liberatedReleased from confinement
- clearWithout obstruction or fog
- unencumberedFree from hindrances
- solventDissolving liquid or financially stable
- relievedNo longer anxious
breathing room · independence · celebration · payoff · clean slate · fresh start · living within means · wealthy · secure · unburdened · final payment · equity · savings · peace of mind · milestone · prosperity
- Financial Goalsretirement, savings, emergency fund, investment, college fund
- Real Estate Goalshomeownership, equity, appreciation, profit, rental income
- debtcreditor, owe, lender, unpaid, borrower
- money managementsaving, savings, budgeting, budget planning, expense tracking
- personal financesavings, income, credit, investments, bills
- life goalscareer, get married, world peace, purpose, aim
debt freein debt
Owing money owed
indebted · in the red · encumbered · leveraged · mortgaged
debt freebankrupt
Unable to repay debts
insolvent · broke · maxed out · overleveraged · overextended
debt, free, debts, debtor, debtors, indebted, indebtedness, freely, freedom