W and I have been debt free for around 10 years. I took for granted how nice it was to only have to answer to ourselves. We got used to not having a third party involved in our life. Now that we are building a new home, we find ourselves taking on some debt. If you have followed along with our new house journey, you know that we are doing much of the work ourselves to save money. We are expecting to only borrow one-fourth to one-third of the value of the house.
I realize that the bank has an interest in our home. At the same time I am annoyed at dealing with this third party. The one thing it has done is made me even more serious about saving money. At this point every penny I save is a penny less I have to get from the bank. Once the house is completed every penny I save puts me closer to our house being truly ours. Each time I want to purchase something, I picture that goal - being truly debt free again.
The next few years will be a bit of sacrifice, but it will be so worth it in the end. Free is also a four letter word, but it is the basis of freedom. Freedom is a great thing. I will be sharing some of our hard choices (that are not really sacrifices in the grand scheme of things). We already have all of our true needs met. We are simply focusing on what we want - things that are temporary or freedom.
Have you made some hard choices along the path to getting out of or staying out of debt?