What if you didn’t buy anything you couldn’t pay for? Some would say it’s quite obvious you shouldn’t buy anything you couldn’t pay for but in this case, I’m talking about NO EXCEPTIONS.
What if you didn’t buy a house until you could pay cash for the house (no mortgage)?
What if you didn’t buy a car until you could pay cash for the car?
What if you didn’t use any credit cards (debit cards are ok because you have the money for those purchases)?
What if you didn’t go out to eat because it is cheaper to eat in?
What if you wore your clothes a bit longer until you could truly afford to buy new clothes?
What if you only went on a vacation you could pay cash for?
For most people, this would result in them living a very different life. Smaller house (or maybe a case of renting instead of owning). Instead of the latest model SUV it might mean driving an older model smaller car.
While it might result in a very different life, would it really be a worse life? No worries about payments, no “keeping up with the Joneses”. Just simple living.
If more people tried this, they would find themselves in a better position financially and most likely find they appreciate the things they have more.
Just a thought
Have a great day!