Small Victories
Last month…
1. I was able to almost perfectly stick to my budget (just overspent on a few unexpected expenses). This meant:
- Not shopping for anything that is not essential (no new clothes, bags, shoes, accessories, etc)
- Staying away from enticing sales (Rockwell’s sale was a pretty hard struggle). The only time I failed was when Philips had their annual warehouse sale – where I got a component for less than half the price. A pretty good buy, right?
- Staying home more often
- Cheaper night outs (We would have dinner at home or in some cheap place first before meeting up with friends)
2. I only used my credit card once only (a P500 gasoline charge). Woohooo!
3. I did a whole lot of extra work to earn money solely for debt repayment (following #10 in Thriftmommy’s 20 ways to pay off debt)
Because of all these, once all my checks clear this coming week, I’ll be able to pay off two of my credit cards!!! Yipee! =D They’re the two with the lower amounts of debt, but paying them off will put my total debt down to just 5 figures.
Woot! Now, if I can just do this for two more months, I’ll be debt-free and investing soon!
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Congratulations. Being debt free is amazing! Thanks for the link to Thrifty Mommy. For more information on becoming debt free, you may want to check out Dave Ramsey’s site too. http://www.daveramsey.com
Thanks for dropping by and for the recommendation!
jetskee,
Congratulations on keeping in budget!! Way to go!
You are very lucky if you can be debt free in a couple of months, I’m still looking at up to 24 months for my car loan.
Thanks, Perry! =D I’m so looking forward to zeroing out my debt. I paid off the first of my four cards last Saturday, and will pay off the second one next week. The remaining two, well, it will take me a while to pay those off, but at least I’m gaining ground =D
A car loan ain’t as bad as credit card debt, right? Interest rate is fixed, and you see and use everyday what you’re paying for =P
Actually it’s interest free at the moment because I am using 0% balance transfer credit card (but the card is safely hidden away!)
Yeah, the car is here, but cars depreciates so fast at the moment even if I sell the car the loan will not be paid off.
Oh yeah… that is why I will probably never buy a brand new car.
Budgeting is difficult. We need to find that balance where we are not over spending and yet we have the quality of life we want.
Buying discounted items is actually helping your budget.
I know what you mean! Like, taking the train would definitely be much cheaper than taking a cab or a car, but it really is a hellish experience and takes much, much longer.
I just hope I don’t overdo getting items on sale =P