|Photo Credit Les Kertay|
Someone asked me the other day if we were still doing that "money thing", I answered "yes" if you mean the debt free thing. "Doesn't it get boring?" was the next question.
The honest answer is no.. it never gets boring to be debt free and work to maintain that status. It never gets boring knowing that at any moment you are prepared for a lot of what life can throw at you. From needing a new ride to being able to not think twice about taking an abandoned sick puppy to the vet.
There is a freedom beyond measure knowing you can help a friend in dire straights without it putting your own monthly budget in jeopardy.
What is does mean is buying a used car ( for cash) when the world finances new cars like the Kardashian's go through husbands. It means vacations that are planned and paid for with cash and home remodeling is done in phases ( again for cash) and not with a HELOC or running up a credit card.
It means still getting weekly allowances and using cash for all family purchases like groceries and fast food splurges. ( No money no splurges)
It means putting money in devoted micro savings accounts (love these through ING) each month so that come Christmas all the cash is there ready and waiting and when property tax times comes the money is waiting for us, we are not waiting to pay based on scraping up money and praying no one needs anything serious in the mean time. This feeling is priceless and yet the work to get there is hard but it can also be one of the best things you will ever do for your marriage. Not to mention one of the best examples you will ever set for your children.
There are a wide number of ways to go about becoming debt free and learning to create and maintain a proactive budget and stick to it! Back when we became debt free we did the whole Dave Ramsey plan (Total Money Makeover) and it is the one I recommend when asked.
This is not just something that can be done by those with a healthy income. I have seen single mothers with multiple children do this.. I have seen retired folks break their bonds of debt .. this is doable for everyone and anyone if you are willing to make the commitment to make it happen. It is hard but oh so worth it.
Thinking about being debt free?.. got questions?.. leave them here and I will answer if I can!