7 HABITS TO GET YOU OUT OF DEBT

And we’ve decided that we will STAY debt free (not including a mortgage. Someday we will have a mortgage, and hopefully soon.)

But, our decision to stay debt-free means we have never been able to buy a new car (so I’ve always driven a total beater), take a vacation or make any other major OR minor purchase unless we happened to have the cash on hand.

Some people will tell you that paying for everything in cash is the number one most important thing you can do to stay debt-free. I disagree.

ACTIVELY PRACTICE CONTENTMENT.

It doesn’t matter what system you use to do this, but do it. (I have heard AMAZING things about the You Need A Budget (YNAB) app. I personally use Quickbooks but it’s MUCH more involved.)

KNOW HOW MUCH MONEY YOU HAVE COMING IN AND GOING OUT.

Now, I don’t mean your groceries, but any time you’re buying something that’s not regularly on your list – a couch, a pair of jeans, a cute set of wine glasses… anything, pause as long as possible.

ALWAYS, UNDER ALL CIRCUMSTANCES, PAUSE BEFORE A PURCHASE.

Every single month, painfully large (well, not really, but to me they seem large) sums of money leave our bank account on their own and go directly into savings accounts and investment accounts.

MAKE SAVINGS A NON-OPTIONAL PRIORITY.

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