This forum is to talk about removing all debt from your life and being a wise consumer. Its basis is from Dave Ramsey and his book Total Money Makeover.
I've noticed several posts lately about people buying things or signing up for things that aren't needs. This is absolutely not to vent or slam those people. We've all done things we "want" in this journey.
I also very much "get" that if you've been doing this for years, and years, than it is nice to add a few luxuries back in so that you can continue in your NMD trek. I know that the original posts said that, but later posts didn't, they just said nice things about the choice.
What I would suggest, is that when you post something like this, please list what you've paid off, and how much you've lowered your monthly expenses so that the "newbies" don't think they can have it all. So more of a "after working my tail off for 2 years and paying off $$$$, we are finally able to add back our back yard dog cleaner upper... I got so tired of the kids fighting about whoose turn it was."
Also what is a need for me is a want for someone else, what is a luxury for me, is a everyday necessity for another. All of us are coming from different places. I may scrimp on my car, so I have a nice bike. You may have what I think of as a show off, gas guzzler, but you need it for your work, and nothing less will stand up to what you need to do.
We have no debt so cash rules around our house.
We have been debt free for several years now and live on about 50% of our income.
No house payment, no credit card bills, just the usual monthly stuff, like insurance, utilities, etc.
We are fully funded for emergencies, retirement and after enduring a huge medical bill found we can make it on a lot less than we thought.
It hasn't been easy rebuilding after losing our savings but we are back and enjoying the benefits of being debt free!!
Thank you for the reminder. In my house some of the luxuries are because it is the only way to keep dh on board for an extended period(more than 6 weeks). So unlike the usual 2 year plan we are on the 5 year plan. For one thing even with the increase in grocery prices we will not be raising the grocery budget. When he saw the numbers that we were already spending on groceries and I made him take a trip to the grocer's with me he is completely ok with that. He likes to eat out but agreed that it has gotten too expensive to do once a week and will agree to once a month. We had shifted to once every 2 weeks a couple monthes ago w/o him realizing what I had done. This will mean that I buy steaks (when I find them on sale) so that we can have a steak dinner on a regular basis, I will keep my eyes open for other treats. I will also probably go back to baking bread once a week as he really enjoys homemade bread and rolls.
I know what you mean, but to me I don't see it as bragging especially here! Thing is no one I know doesn't use Credit Cards, they would think we are strange. Actually they already think we are strange.
I look up to you and the others who are in that position, I'd like to get there some day! To do that I need to do what you did in the early days, buckle down and not spend money.
That is a good idea. I could see how it would get discouraging.
I am not sure if any of my posts were included, so I will say that we have been debt free for just over a year and a half, we have a fully funded emergency fund, are contributing toward retirement and we have a down payment for a house saved separate and apart from that and we are shopping and adding to it while we are waiting to buy (patience, patience, waiting for the right deal). We do without a LOT, but allow ourselves some indulgences. Recently I have a new project to buy new sheets for all the beds replacing our see-through thin and old scratchy sheets.
We did replace our sedan which was totaled with an suv over a year ago and that was a hard choice - it felt so frivolous, but I have not regretted the decision. It is great in snow and our kids are not smushed up and bickering about who is touching whom. Plus now we can carry friends. We just took my teenagers best friend on vacation with us.
We bought a newer SUV last month (or this month?) to replace dh's constantly breaking down 12 year old Jeep. He needs an SUV to haul his work stuff.