Living Debt Free Without Stress

November 7, 2009   Debt Free Living
Experian

There is a wide spread belief today that in order to live the average middle class lifestyle that you have to go into debt in order to make it happen.  This is actually a myth but because so many believe that the alterative is to live a boring life they accept the common understanding.

The truth is that it is very possible to live debt free if you follow some rules and keep in mind that you will have to find the best path eventually and learn to enjoy your life living in that fashion. Understanding that you can live a life without debt and having debt collectors writing and calling and just making your life miserable.

When you reflect on it the process is really very simple.  It will require you to make and stick to a budget.  It sounds dull but when you think of the alternative -  debt collectors stalking you all over creation – then it does not seem so dull.  You begin by writing down the things that need to get paid that are necessities, i.e.,  food, rent, mortgage, transportation, house keeping, electricity, telephone, and others.  What you have left over is your disposable income.

By doing this every month you will arrive at a point where you learn how much money you actually have.  If you do this you will eventually get a point where you can treat yourself and others.  When all of you debt is paid you will have more flexibility in what you spend your money on.  It is a better way to live.

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