You can have it all, just not all at once

It was about 5 years years ago, and I was a single gal living in the city. I had $8 left on my credit card to buy groceries to last the week, until I got paid on Friday; I had no food and no money. That was my low point, and I was finally ready to make a commitment, got my hands on Debt Free Forever, and it literally changed my life.

I started out with a $22k line of credit, plus the money I owed on my credit cards. I had that line of credit turned into a personal loan, so I couldn’t keep drawing money on it. I consolidated the credit cards, closed the accounts, and kept just one card, with a much lower limit. I lived on cash, spent only what I could, and made a lot of changes. No cellphone, cheapest internet available, no cable, no getting my hair coloured, no new clothes, very minimal spending on dinners and drinks, I started biking to work every day to avoid buying a bus pass. I also shared what I was doing with my friends and family, so they could support me and understand when I didn’t participate in events etc.

The exciting news is, I currently have $17k savings in the bank. I am waiting for that moment when I will have $22k saved — the exact amount that one time I owed!

Over the years I have started an RRSP, TFSA, emergency fund, planned spending accounts — allowing me to save for the future, while still paying cash for a trip, a computer, a fancy new bike — it’s true that you can have it all, just not all at once! I am able to better prioritize what is important in my life, and how money plays a role in those decisions. I want to thank you from the bottom of my heart Gail, and am sending you an e-hug.

2 Responses to “You can have it all, just not all at once”

  1. Good work! It feels good to sleep at night without debt.

  2. Waking up and realizing your mistakes is the first step. That’s great, you did it.

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