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.  


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

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

  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

    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.

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

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

    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.