JMM and I just celebrated our 41st wedding anniversary and a lot of why we were able to do this is because we have always lived under our means. I am the family bill payer and budgeter but JMM is always part of the planning. We always have a plan because the fact of the matter is that if you don't tell your money how to behave, it will rule you, make a shambles of your marriage, and ruin your life.
I don't mind paying for goods or services; I'm not out to get something for nothing. The thing I really don't like paying is interest. We pay our credit card off every 2 weeks. JMM's truck and my van were paid off withing 6 months of purchase. Our previous house was paid off and this house will be paid off less than 6 years after building. I keep an emergency fund of $6000; the thing about emergencies is that you know that they will happen, you just don't know when or what.
This year's goal is to finish paying off the house and get the emergency fund up to $7000. Next year's goal will be to save up the money for a new vehicle and raise the emergency fund to $8000.
Thought for the Day:
“Debt, n. An ingenious substitute for the chain and whip of the slavedriver.”
Ambrose Bierce quotes
2 comments:
Congratulations. 41 years of marriage is a masterful achievement.
Thank you, Morrison. It has definitely helped to have married a wonderfully patient man.
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