Jason_V
DIS Veteran
- Joined
- Mar 24, 2017
I do a number of things to minimize the debt I incur every month. For one, my credit card is paid, in full, every month. I don't carry a balance. We just got back from a few days in the Midwest and that bill was about $1,000 (car, hotel, food). That will be paid on Wednesday when I get paid. I want to get rid of all my debt (house included) because, once I free up that money every month, I can start banking over $1,000 a month. That adds up pretty fast, allowing me to buy a car with cash or do a house remodel with cash.
I understand YOLO, but I also have to think about the future. It is likely I will have my sister living with us in the next 10 or 15 years. I need to be able to take care of her, have a paid off house, remodel the house and have a life at the same time. There is a concept of moderation or delayed gratification my parents instilled in me from a young age. I budget every paycheck religiously and pay off my CC in full every single month. It's not easy, don't get me wrong. But when I have my whole paycheck to invest or do things with, I feel better about my life. When it goes to the bank to pay a debt...I hate it.
I understand YOLO, but I also have to think about the future. It is likely I will have my sister living with us in the next 10 or 15 years. I need to be able to take care of her, have a paid off house, remodel the house and have a life at the same time. There is a concept of moderation or delayed gratification my parents instilled in me from a young age. I budget every paycheck religiously and pay off my CC in full every single month. It's not easy, don't get me wrong. But when I have my whole paycheck to invest or do things with, I feel better about my life. When it goes to the bank to pay a debt...I hate it.