Thursday, January 03, 2013

Debt-Free World


When I started working some 30 years ago, there used to be a weekly free talk during the lunch break.  I attended most of them but only remember two: Time Management and Money Management.

The one on Money Management was good because it gave me a mantra to recite whenever I was tempted to splurge.  The picture above shows what I used to say in my head. I didn't always follow it (life has to be lived on the edge, sometimes) but, basically, it has helped me to stay out of financial woes.

On the last day of 2012, Stephen went out to pay all the utility bills.  When he came home, I had a feeling of euphoria because this meant that we would start 2013 completely debt-free!  Stephen does it more out of habit than anything else.  He hates owing money and pays for everything with cash.  The only time he will use his credit card is, if he has to book a flight.  Then, he will settle it as soon as he can via an online transfer.

So we start 2013 owing nothing to anybody!

As you start this year, this is a good one to memorise and to practise.  



8 comments:

  1. Freedom from debt is a distinct luxury. Congratulaions, you two! :-)

    ReplyDelete
    Replies
    1. We think so. Thanks for the reassurance. :)

      Delete
  2. excellent mantra Lita.
    I also follow this practice, although I do banking online. As soon as a bill comes in it is paid, ditto with credit card on the rare occasion it is used.
    Funny I said the same thing to Mick about starting the year debt free. As we grow older our needs are less, have less money , so spend less money ;-)
    It is very liberating knowing you owe no-one financially <3

    ReplyDelete
    Replies
    1. I'm glad you like it, Lyn. Like you and Mick, we also find that we need so much less these days. It's the simple life for us. Simple and uncomplicated.

      Owing nothing is such a nice feeling.

      Delete
  3. Dear Sir/Madam,

    On behalf of the National Library Board (NLB), we would like to invite you to pledge your blog to the Singapore Memory Project as part of efforts to collect memories that are already manifested in existing online channels.

    The Singapore Memory Project (SMP) is a national initiative to collect, preserve and provide access to Singapore’s knowledge materials. Spearheaded by NLB, the SMP aims to build a national collection of content in diverse formats (including print, audio and video), to preserve them in digital form, and make them available for discovery and research.

    By pledging your blog to SMP, you are affirming that every memory matters. Whether your posts are an account of your daily life, or an expression of your thoughts, the SMP hopes to find a home for your memories so that it can help build towards an understanding of Singapore. You will also receive a badge that you can display on your blog in recognition of your contributions.

    Contributors to this blog pledging initiative will be listed on Singapore Memory portal’s blog pledging webpage. All blogs pledged to SMP will archived using NLB’s web harvesting software, in addition to images of each blog’s landing page.

    If you are keen to pledge your blog to SMP, simply fill up our response form at this following URL: http://singaporememory.simulation.com.sg/Public/Pledge.

    You may find out more about this initiative at http://www.iremember.sg/?page_id=2822.

    We are looking forward to your contribution.

    |Simulation Software & Technology (S2T) Pte Ltd 583 Orchard Road #14-02 Forum The Shopping Mall S(238884) w: www.simulation.com.sg

    ReplyDelete
    Replies
    1. Thank you for the invite, I shall have a look at the website soon. :)

      Delete
  4. Good post, Lita - but: what a lovely invite from the Memory Project!!! Congrats! xoxo

    ReplyDelete
    Replies
    1. Thanks!!! I thought that it would be good for my kids and grandkids to be able to see this one day!

      Yes, the Memory Project seems interesting and I'm honoured that they contacted me.

      Delete