For the past few years, my coworker and her husband have saved for their first home. It’s something she talks about all the time. Normally, a first home is exciting in itself, but this couple are going about it in a way that most couples don’t.
They’re planning on paying cash for the home.
That’s right. Isn’t that amazing?
I’ve heard her views on this, and I find it admirable. How many people do you know who’d choose to wait on a big purchase rather than taking out a loan or pulling out the credit card?
She told me about all the benefits of being debt-free and paying cash for everything. This got me thinking and wondering if I could implement the same idea in my family.
I’ve slowly tried a few things here and there.
So far, I’ve tried two things:
- Hiding all the credit cards: This has helped me with my impulse shopping, especially when I’m putting things in online shopping carts.
- Keeping track of the extras I buy without thinking: I didn’t realize how much I spent on my white mochas until I added it up. I resolved to limit myself to one coffee per week or make the coffee at home instead.
Just by doing these two things has saved me more money than I expected. When you buy something to the point that it’s a habit, you don’t think of the money itself.
When I told my coworker about these changes, she was so proud of me and encouraged me to keep going with my experiment.
She’s been such a help that I’d like to give her a meaningful gift for their housewarming party.
I referred to lots of sites for ideas. One of them gave me practical ideas that suited my coworker’s practical personality. You can get more facts if you’d like. I found so many great ideas.
Any day now my coworker will move into her first home. She’s given me hope that I can also eliminate my debt so that I can pay cash for big purchases.
I’ve already started paying more attention to more than my spending. Often, certain things trigger the desire to buy, such as stress, hunger, or boredom.
For me, boredom contributed to many impulsive purchases. Once I figured this out, I tried to keep myself away from the computer or track my time better so I could keep myself doing more productive things.
Wish me luck.