9 Things We’ve Learned Since Committing to Debt-Free Living

  1. We have learned that it is possible to live without a credit card. Debit cards work just the same, but you can’t use them if you don’t have the cash in the bank, so you can’t rack up debt. And there are even debit cards that offer rewards, so that is no longer an excuse!
  2. It is perfectly OK to ask for and accept help when it is offered. And lots of people are genuinely happy to help you when there is a genuine need.
  3. People think you are at once AWESOME for trying to get out of debt, but also WIERD because you live a lifestyle they just don’t understand. You know, the typical “That’s nice…” kind of response.
  4. They are not lying- you really do spend less when you pay with cash.
  5. It actually feels really good to pull out a wad of cash to pay for things! It actually makes me feel richer. And like I’m part of an elite club or something… only rich, middle aged and beyond carry cash, right?
  6. You don’t really need what you think you need. Texting? Cable? Eating out weekly? Your OWN HOUSE?? Check out our budget boot camp and you will see what I’m sayin’!
  7. Attitude means a lot. I am sure that there are many people out there who would like at Mike’s and my life right now and think, “Man, that must be the pits.” But that is not how we feel at all, and I think a lot of it has to do with our attitude to the situation: we are learning, we are growing, and we are blessed to have dear friends and family along for the ride.
  8. There are a lot more people out there interested in living simple, generous, debt-free lives than you would guess. They just need a little inspiration or a place to start.
  9. Becoming debt-free, and learning to change your lifestyle to STAY that way, is a step by step, choice by choice, moment by moment process. No quick fixes or magic formulas. But it is absolutely a journey worth taking.
How about you? What have you learned along the way?
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One thought on “9 Things We’ve Learned Since Committing to Debt-Free Living

  1. Those are some great lessons, some probably coming through a lot of frustration and challenges, I’d imagine. I think I most strongly connect with the idea of “needs” vs “wants”. We encountered a LOT of crazy looks from our middle-class friends and family when they heard about the incredible amount of “needs” that we were choosing to sacrifice in order to live communally. Some of these “needs” included central A/C, an oven for each side of the house (instead of sharing one), and a car for each and every resident. It made me wonder what folks in many other countries (or, heck, down my BLOCK) would think of these dire “needs.” =)

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