Thursday, February 06, 2014

One Day At a Time




It's not easy doing a spending freeze, but at this time it is necessary. After tracking our spending in January I saw in black and white how much money we spent on non-essentials. 


It is discouraging to know that we will be in this position of forced frugality for months, if not years, to make our way out of this mess. I am, however, determined to create a new life for our family. One where we live well below our means and achieve our goal of debt-freedom in 8 years.

It is overwhelming to thing of the magnitude of it all. All we can do at this point is to take it one day at a time and do the best we can with what we have. 

2 comments:

Cash Only Living said...

You can do it! It is a slow slow thing to get out of debt but with a bit of gazelle intensity you might get out sooner than planned and it will be well worth it in the end!

Fiona said...

You can do it Tracy! You are doing amazingly well so far. If you haven't already, see if your library has any of Peter Walsh's books (and audiobooks on cd for the car). He always makes me feel really positive and uplifted about living beautifully on less and not buying into consumerism. We are working on paying off our mortgage early too and I often think of the thrill of not owing anything on our house one day.