I like giving my readers the tools they need to live life debt free. I feel that you can really put to use some of the tips I mentioned below as a way to get ahead with your financial goals. It all comes down to the choices you make in life. Would you be willing to pass on your goals because you just had to upgrade your PC to the new Mac Book laptop. Granted that new Mac book might only cost you $60 dollars a month with interest free financing.
But that $60 dollars could have gottten you one step closer to realizing a financial goal you keep postponing month after month and year after year. Why is that we always need or want something? Why is it that those things have to be purchased on credit? Well if you keep reading you will enjoy another great post on how you can avoid debt.
Debt Free Living Action Steps:
1. Do not go to the retail stores or malls unless you have a clear list of what you need.
2. Strive to use cash or debit cards for all your purchases. If you want cash back then have the money in an account ready to pay it off.
3. Divide your weekly or bi-weekly spending money into the number of days in between pay periods and do not go over that amount per day.
4. Keep your cars for 6 years or more to avoid adding new car debt every 3-4 years.
5. Add up how much you spent on the holidays and begin saving 1/12 of that amount every month in January.
6. Have dinner parties only once in a while as this can throw a wrench in your food and monthly budget.
7. Write your goals on the Frig or mirror and you will be less likely to fall for impulse big purchases.
Past Debt Posts:
Granted you all can have your very own ways to avoid debt, but I feel these tips will help you prepare for years of debt free living. Enrich your life by living it on your terms and not by the banks shackles.
RichUncle EL
I'm not sure why (maybe it's become a habit) but I love my old car. When we finally donated our old van several years ago, my kids cried. "I don't want a new car." I tried to explain that the new one would run a little better and had a heater that actually worked. "I don't care if it runs better. I want to keep that car!" It seems the apples don't fall far from the tree.
Thanks for the comment, I am also a bit torn to let go of my old car. But I see the positives in having a more modern car. Better mpg and less service hassles.
I purchased a new to me used car last year and I need to get rid of the car that died. For some reason I have an emotional attachment to this dead car. It is on my goal list to resolve this year, however.
I know how you feel, I see my old car on the road all the time now. Good memories. I know you can do it ElleX. Thanks for the comment.
Dear MoneyWatch101
I liked what you said about Why is it that those things have to be purchased on credit?
I follow this advice because they are very good, congratulations.
I appreciate the comment, glad you enjoyed the post.