Today marks an important personal milestone for my wife and me. As of this afternoon, all of our credit cards are carrying a zero balance. The only debts we have now are our mortgage and a bedroom set from RC Willey on which we pay no interest. This means that Shauna doesn’t have to work full-time for us to support ourselves and we’ll be able to start stashing away our spare funds into savings.
It took over a year and a half of hard work and a very strict budget to make it all happen. It helped that we searched endlessly on the internet for site like Cafe Credit, we got some valuable knowledge for free from doing that. We didn’t buy a lot of the toys we would have liked to (HDTV, MacBook Pro, new windows, etc.), but we’ve also been able to pay for a lot of major purchases with cold, hard cash (garage door and opener, fridge, dishwasher, etc.). Once you start living the debt-free lifestyle, you start to realize why every single year, LDS church leaders beat on the “live within your means” drum.