It's always an exciting day when the Visa balance gets paid off. Smiles all around!
I remember the days of multiple credit cards all racked up to kingdom come .... NEVER AGAIN! Cash is one of my buddies. And items of value. And money smarts.
It's amazing what a difference five years make....I would now rather save up the money for something of good quality (and could be a bit expensive, depending on the item), than buy a bunch of crap for cheap while clutter collects around the house.
I would rather save up for vacations and experiences than be drowning in items, clutter and anxiety with no holidays or prospects in sight.
At my job, I see many many people rack up their credit cards over and over again, using their houses as ATMs to finance whatever.....mostly consumer debt. Our housing market is booming and has been for over a year but one day that bubble will burst. I wonder what those people will do with no safety net.
One of my co-workers has refinanced her house multiple times during the 5 years I've known her. She works two jobs and tons of overtime just to make ends meet. I know she has no savings and some bad habits and it worries me that there is no plan - she is just trying to survive until the next paycheque. I think it is that way for many people.
Hubs and I have fared quite well with our one car - we commute to work together and both locations aren't too far from our house. Our car has quite good gas mileage. Whenever I fill up the tank, I always look to see what the previous fill-up amount was - the norm these days is $95.00 to $100.00/fill. Many people drive trucks in my area, and boy do they pay through the nose for gas.
We have done a better job with groceries - I have been planning meals and trying new recipes, trying hard not to let items go to waste. Hubs and I eat mostly a veggies, fruit, meat and fish diet with occasional carbs (usually once or twice a week). Hubs eats more bread than I do and we try to limit dairy. We usually eat at home although we do treat ourselves every so often.
Save and splurge has been our mentality for quite a few years now. What's yours?