We were relaxing on the couch last night and I remembered that this Thursday is our debt-free anniversary. My husband and I had to think back to how many years have elapsed since we paid off our house. Six! Every year I have to count back to figure it out. DD was in kindergarten when we sent that last check off to Wells Fargo, and now she is in middle school.
It takes hard work to pay off your house and credit cards, but it is just as big of a challenge to stay out of debt afterwards because there is no “end” goal to count down to. It’s just — stay out of debt and keep staying out of debt.
Over the past 6 years we managed to re-side our house, buy a new car, and added a bathroom to the basement without going into debt. To accomplish these required a lot of saving and budget meetings week in and week out. It’s possible to pay cash for these expenses though when you aren’t making payments. Our next major expense is hopefully a trip to the UK in 2017. To accomplish this… saving, budget meetings every Saturday night, and using my part-time employment to put towards the vacation budget line.
If you are currently in the debt payoff process, keep at it with that gazelle-like intensity. Efforts like clipping coupons and having no spend days are fine, but none of these things can rival the amount of money you save when you aren’t paying interest on car, home, college and credit cards.
Thursday we will probably celebrate by getting take-out dinner of some sort, and perhaps a family activity this weekend like going for ice cream. . . or Chik Fil A 🙂