Nothing much to report on the financial scene. Without really trying, I haven’t spent any money since Friday, and it looks like clear sailing until this coming Friday as well. It’s interesting how, once I make it a goal not to spend money for 7 days (my failed NO SPENDING CHALLENGE attempt), I end up screwing it up on Day 3 … but when I’m not concentrating on spending money, I can go so much longer without spending a dime.
I AM DEBT-FREE!!!
My hands are shaking right now as I type this. I can’t believe I’ve finally rid myself of the financial baggage and stress I’ve carried for so long!!! Goodbye student loans! Goodbye stupid line of credit! You’re all dead to me now!
Starting this blog was one of the best decisions I’ve ever made, because it made me accountable for my spending habits. So thank you all for your support! :) You might notice that I’ve updated the sidebar today as well. I rolled my LOC and Student Loans into one category called “My Debt” to save space. I also put July 14th, 2006 as the starting date, because that’s when I made my first payment towards my debt. I put $100 into my EF, $100 into the condo down payment fund, and $50 towards my RRSPs.
Ahhhh!! I’m practically bouncing off the walls with excitement. Time to get out of the house and celebrate! Well, seeing as it isn’t even 8am yet, maybe I should wait. :)
I’ve been telling a lot of stories lately about my friend, and I don’t want it to seem like I’m bashing her, because I do love her dearly. It’s just that I’m fascinated by personal finance, and what makes them “personal” to each individual. It’s interesting how people perceive money, and sometimes I find it mind boggling what some people do when they have it, and even when they don’t.
I was never interested in personal finance until I determined that my goal was to be a property owner. For years, I was living pay cheque to pay cheque, often not able to make ends meet. I was in so much debt that the THIRD WEEK we started going out, the BF had to loan me $10. I didn’t even have $10 to my name! How embarrassing. Ugg. I never want to be in that kind of situation again.
Anyway, it was this friend who was the one who made me see how important personal finance was – not by what she said, but by her actions. You see, I don’t want to make the same mistakes she has made. I don’t want to be 30, unemployed, in debt, and mooching off my family to make ends meet. I want to be independent, and free from debt. I want to create a good life for myself, and for my future husband and children. I don’t feel like that could have happen if I continued on my current path of life, so after graduating college, I sat down, sorted through all my finances, organized myself, created goals – and am trying to stick to them! That’s why I get so frustrated with this particular friend when we talk about money. And then I rant about it on this blog. I just wish she could see the potential she has to make everything right. She’s smart, pretty, and has the education … she just lacks the motivation and the drive to succeed.
So I just wanted to make it known that I love my friends a lot, and I don’t want it to seem like I think I’m above them, because I’m not. I just want to tell a story about my experiences with personal finance, whether it’s my own, or somebody I know. That’s why we read PF blogs – to find out what other people are doing with their money, and to create a support network, and a sense of community and togetherness, so we can all achieve our individual goals.
Anyway, I’ll get back to posting about real finance-related material shortly. :)