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Confession to make...
asparagus1968
Posts: 1,787 Forumite
I am no longer debt free- borrowed to buy a car. Have budgeted well for it though ,I can afford it,The old one wouldn't have lasted until I'd saved up for a new one.Am still saving what I can etc.
Had it get that off my chest, felt I was cheating.
Had it get that off my chest, felt I was cheating.
LIVE SIMPLY * GIVE MORE * EXPECT LESS * BE THANKFUL
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Actually, I dont see it as cheating. Your debt doesnt rule you and you are in control, I'd say that means you are 'free' of the debt on a fundamental level.
Sometimes, debt is simply unavoidable and we have ways of rationalising this....mortgages for instance? Very few of us could ever afford a house outright, and yet, this is obviously a debt. The truth is, we view mortgages as a bill rather than a debt and so, are in control.
Debt freedom for me, is the idea of freedom from worry and anxiety due to debt. I'm not talking about sticking your head in the sand and pretending it isnt there, I mean that you have acknowledged it, have taken steps to deal with it or have successfully dealt with it.Debt Free! Long road, but we did it
Meet my best friend : YNAB (you need a budget)
My other best friend is a filofax.
Do or do not, there is no try....Yoda.
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yes, very true, it is that being out of control that causes the worry.
do you know. I've never even considered my mortgage as a debt!
I am in control now, all down to finding this site a few years ago. thanks to all who helped (and still do)LIVE SIMPLY * GIVE MORE * EXPECT LESS * BE THANKFUL0 -
Tut tut tut...
.... only joking, adding to what Firewyrm has said you are now in a position to be able to borrow responsibilty so this can be seen as a new chapter in your life.LBM: Dec 2012 - Debt £38,180/ Now £0.
DFD - 17/04/2016
Gambling: The sure way of getting nothing from something.
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thanks, appreciated. I took months dithering about it.:)LIVE SIMPLY * GIVE MORE * EXPECT LESS * BE THANKFUL0
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I would say this sounds like well planned affordable debt!
Enjoy your car!
Jodles
MFW2020 #115 250/3000 J-250
1% challenge- /1525Save 1k in 2020- /3000
Joining in UberFrugalMonthChallenge set up by the Frugalwoods!
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Same here! Mine was over 4 years also but at the rate I'm going I'll have paid off everything apart from the balloon payment within a year.What will your verse be?
R.I.P Robin Williams.0
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