|Sunset in Comox (credit given to hubby and his iphone)|
We still have bills, as everyone does, but we now have a bit more breathing room to do the things we want to.
How did we do it?
Hard work and living below our means. We never tried to keep up with the Joneses even when we could have. We quietly chipped away at the mortgage debt on our secured line of credit at it at every opportunity, while at the same time refusing to add any more debt to the pile. We ate in rather than eating out. We always bought used cars just a couple of years old versus new or leasing and paid for them in cash. We take good care of our things so they last. We cooked from scratch, used coupons, shopped garage sales and thrift stores. We discuss finances as a couple on a weekly basis. We pay off our credit card bills in full every month and primarily used them for point programs so don't end up paying interest. We never pay retail, always looking for a sale. We manage our own investments. We plan purchases, do the research, avoid impulse buys and save up for wanted items.
It wasn't easy but now comes the payoff - a future of not paying another cent in interest to anyone. If you dream of paying off your debts or mortgage the time is now to start planning how to do that so it can happen to you to.
Time to Celebrate!