I am by no means where I want to be financially at this point – I’d like to have more in the bank (who wouldn’t), I’d like to have 0 debt (unless I’ve bought a house) and obviously I’d like my income to be less dependent on a single source (my primary job).
However, that doesn’t mean that I don’t feel financially stable. Getting to a point where I’m spending less than I’m making and saving money for the future has taken quite a bit of time, but has been worth it. I no longer have to juggle bills around and I no longer check my bank account 10 times per day to see if I actually had the money for what I had just done/bought or was about to go buy. My finances are stable, and it is awesome.
On the outside though, it seems as though relatively little has changed – I still have dinner with my friends, I still buy things at the store, but now I no longer worry where the money is going to come from, or how long I have until the next payday. There’s no more worrying about whether or not my car will crap out on the way to work (first, because I got a new one, now because I walk to work).
For those of you at the beginning of a debt free journey or sitting next to a pile of bills wondering how they are all going to get paid, and why you should even bother getting rid of them, I know it seems like a long road – but you’ll be glad you started down it. Even though I still have student loan debt and vehicle debt, just getting rid of the credit card debt made me sleep much better.
You’ll find that life gets a lot easier once your finances are stable.
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That’s exactly what I needed reading.
I started few weeks ago the same journey, and started this blog that I am writing about animation, I would be really glad if you could take a look a tell me what you think.
3d animation
Definitely less worry and anxiety when there is stability in your finances (and your life).
Financial stability is an incredible feeling and, unfortunately, a feeling many people will never experience. It’s so much easier to sleep at night knowing all of your bills are paid, and you have a little cushion as well as some extra cash to invest. I, too, still have student loan and automobile debt, but the payments are manageable. Cars can be such money hogs, but often necessary. I have to admit, I’m a little jealous that you can walk to work. Congratulations on reaching financial stability!
Looking at the big picture can be daunting, but setting little attainable goals is fulfilling. And seeing the results, even if it’s just a small step (in the right direction) is liberating. Once you start to see results, I think it’s easier to spend less and not accumulate so much debt, especially if it’s unneccesary debt. I ask myself, “Do I want this? Do I need this?”. Most of the time, I don’t really need it.
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