One of the great things about being debt free (except our mortgage), is the lack of worry about the economy. Oh, I don’t like the way things are going, but I can’t make the Government take responsibility for their finances, but I refuse to let Washington ruin my life with their irresponsibility.
Here’s the deal. Brittan and I have zero debt apart from Mortgage stuff. We have no car payments, no credit card balances, no student loans. We live on what we like to call… A BUDGET. It looks like this:
1. Tithe – God Comes First
2. Food – Because we grow most of our own food, our grocery bills are fairly low
3. Shelter – House, utilities, insurance
4. Transportation – gas, oil, maintenance
Those are the 4 perimeter walls of our budget. Once those are taken care of, we budget the other things we need and want. Since we have no debt, budgeting has become pretty easy.
We have an emergency supply of about 6 months cash and a year of food and basic staple goods. We also have 2 years supply of seeds and livestock to raise our own food. By the end of 2012 we should have over a year’s emergency fund and up to 2 years supply of staples.
At the risk of sounding like an infomercial, if you’d like to know how you could be debt free FOREVER by following ‘the simplest money management plan on earth’, check out www.iounomore.com. Don’t let the headlines make you worry. Take control of your own future and sleep in peace.