I feel pretty lucky. The economy has taken a big hit, but my lifestyle hasn’t changed a bit. I think the reason is that I avoid debt like the plague.
- I own my car (I financed it new for 36 months and paid it off 4 years ago – and the car is still like new)
- I have paid down my mortgage by sending an extra $250 every month, so that my equity is double what I owe (which will give us a nice down payment on our next house). We didn’t buy the biggest house we could afford. In fact, we bought a house that was worth about 1/4 the amount we were approved for.
- I use one credit card and pay it off every month.
I live within my means.
That. I think. Is the key.
Recent Comments