Monday, 22 April 2013
Oh happy day!
Today is the day I became debt-free, with the credit card balance finally paid off and now standing at a big fat £0.
Now, apart from my mortgage, I owe absolutely nothing to anyone. All future purchases will be saved for and paid in full, and if I can't afford something, it won't be bought.
Living a frugal life doesn't mean being cheap - quite often if you buy something on the cheap, you end up regretting it as the old adage "You get what you pay for" is very true. No, being frugal means being sensible, buying the best you can afford, saving up for things and living as I was brought up to live, which was to only buy something when you could afford to buy it.
The credit card debt came about due to circumstances I won't bore you with, but suffice to say it's been a heavy burden that's taken a long time to pay off. But it's done, and I sincerely hope I never have to go down that road again. It's extremely tough sometimes to live with very little money, but it can be achieved through planning and budgeting.
I am a very happy bunny today.
Until next time. x