Debt Free (ish)



We just paid off our kitchen!!! The goal, which seemed quite aggressive, was to pay it off in 12 months. I’m in shock that we did and still had some savings left over. So much in fact that I was able to pay off a sizeable amount of the debt I accumulated in December through an emergency trip home as well as reckless spending.

Now I have 2 choices:

  1. put money in my savings account as per my budget
  2. put the money towards my debt

A large part of me wants to keep adding to my savings as they’re pretty tight and I’m very familiar with the cycle of debt when you don’t have built in buffers. The other bit is feeling very good seeing that I am now debt free if I don’t add to savings.

This would mean that I would begin February debt-free and able to put more money in savings as the debt allocation would be erased.

What do you think?


Image from Giphy

One thought on “Debt Free (ish)

  1. Pingback: The P Word – Saving Without Scrimping

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