Keeping a positive outlook

nitrocat

Putting my life on hold to pay off debt gives me plenty of time to watch the debt grind down and do lots of calculations in excel. Not exactly fun for most people I'm sure, but it has kept me busy and helps me focus on the problem and not lapse.

For example I know I currently spend £5.99 on interest charges to the bank each day. What a waste of money!

I have 3 years of detailed expenditures of where all the money has gone.

So this year I predict I will spend £1,138 on petrol, which is more than the £1,047 on council tax, but probably less on gas and electric of £922. Fascinating eh?

I have bunches of nice little graphs which shows things like overall debt on each day and when the mortgage will be paid off (31May06) if all goes to plan /

But after 3 years of living frugally I am a little fed up of not splurging. I feel so bad when I see the sad look on my family’s faces when their friends buy the latest gadget, or clothes etc….

I can see the end in sight and that things will be so much better once I’m debt free but does anyone have any tips for keeping a positive outlook?

$17mma

nitrocat wrote:

I can see the end in sight and that things will be so much better once I’m debt free but does anyone have any tips for keeping a positive outlook?

I keep a positive outlook by thinking of the quality of life that my family will have once we are debt free. Whilst we have to sacrifice those little luxuries when we are paying off debt the bigger picture is that your family will be financially secure in the sence that the home and possessions will not be taken. Also God forbid should anything happen to me I know that my children will inherit wealth instead of debt, which reminds me that I am not only doing this for me but for them as well.

And just think of when your there will be a time when your income is yours and your families and not the banks or the CC company :j you will no longer be ruled by your DD or interest rates

You have lots to look forward to and so does your family _party_

pineapple_beach

Hi there
Depending on if it is a good or bad day I can see the things we could have had with the money that is my debt and going in to paying it off,... but I am finding it nicer to go without at the moment as I can sleep at night, I know exactly what is in my bank account and on my credit card bill and I no longer worry about wat it might be or hide the bills or have to avoid conversations about money.
When I think about the future, like $17mma, I can think about being financially secure, having savings to help with emergencies, and being able to plan for luxuries...
Keep smiling
p_b