I’ve been listening to the Hamilton soundtrack on repeat! It’s filled with amazing beats, good advice and American History so there’s lots to love. There’s one lyric that makes me think of life after debt:
This has been our life this year! Getting out of debt was our brand new beginning. We were going to do lots:
- Accelerate mortgage payments
- update the house
- get a new kitchen
- save for a new car
- build our emergency fund
- go on a vacation
All of those are great goals but let’s be honest they’re not going to happen at the same time. Once we both got debt free we really had to face reality and figure out what it is we really wanted to do.
While most of our money is going towards the kitchen we are trying to work on the other points as well. This has ended up with me feeling as though I don’t have enough. I know it’s ridiculous so when I heard that line I finally had an explanation!
When I began this blog I thought it would take me 30 months to repay my own debt. I hadn’t even considered helping ML. In less than 2 years we were both consumer debt free. That’s an awesome achievement! However,I hadn’t emotionally prepared myself for a realistic life after debt.
This year has been a year of learning how to set realistic goals again. It’s also realizing that I still choose not to have money for certain things. Maintaining my consumer debt free life and achieving my goals means that I still have to make choices.
I don’t think I had really anticipated that. Somehow in my dreams debt free meant that I could have my cake, eat it in one sitting and not have a tummy ache. Definitely a fantasy!
The reality is that maintaining a debt free life has been very similar to living with debt. This time instead of me paying the bank with interest, I’ve been paying myself and getting interest.
Which is a pretty awesome way to live. I’m grateful that I’ve been able to redistribute my debt payment so that I can fund my new start.