I was just thinking to myself the other day that, after a year and a half of learning personal finance tips to help us pay off our debt, that I knew all that I needed to know. I was getting bored, honestly. This point in our journey to debt free is a bit difficult, because we’re kind of sailing now, only at a super slow pace. We’ve learned how to budget, how to spend-track, and how to say “no” to the Joneses. We’ve learned lots about side hustling and earning extra income. Now we’re just kind of trudging through the mud to the finish line. We started our journey with a 65% debt-to-income ratio, so it’s a bit slow-going, but we’re moving forward. We’re spending our money on what’s truly important to us, and we’ve let the other spending go by the wayside.
Then, I found this post today over at First Quarter Finance, entitled Become Frugal With 1 Trick. I’m of the belief that we can all become at least a little bit more frugal, so I wanted to learn what this one supposed trick was. I wasn’t expecting to learn anything, honestly (see above and how pride had kicked in), but, Eureka, I did!!!
I was reminded of the fact that humans, in all honesty, need very little with the exception of food, water, shelter and love. The rest is just “stuff”. This is where the true crossroads of value-based spending intersects with human greed. Not that all “want” purchases are greedy, but are those things you want really necessary? Are they really going to bring value to your life? Or, are they a time-sucking, money-sucking ball and chain?
This is where it’s important to, if you’re really committed to debt freedom and/or financial independence, have a heart-to-heart with your own self.
For instance, our washer and dryer are really starting to crap out. The agitator on the washer is weak, so is the spin cycle. The dryer is starting to not dry with its usual zest and it’s an energy hog. I would love to have a new washer and dryer. We could really use a new washer and dryer. And yesterday we were at the local home improvement store, and there was a nice, pretty set on clearance, washer and dryer both, for the total price of $700.
Man, was it a huge temptation for me. But as we sat and thought about that $700, which would have had to go on credit, I might add, we decided that we wanted financial freedom more. It wasn’t an easy decision to walk away, but we did.
I had thought that this was just another example of facing and overcoming temptation, but I learned today from Will’s post that:
Saving money on stupid stuff is just as stupid as buying the stuff in the first place.
And I learned that I’m not yet done learning all there is to learn. There are many more personal finance tips out there that can help to encourage and strengthen us as we press on in our journey to debt freedom.
Photo credit: Free Digital Photos