Debt is very much a part of our lives. When we’re riding a public vehicle like a jeepney, FX, or taxi, we are in debt to the operator/driver until we pay for our fare. In the same way, when we are dining out, we are in debt to the restaurant owner until we pay for our food. And if we pay using our credit card, then the cycle just took on a longer route, and now we are in debt to the bank that issued the credit card until we pay for our charges. A viscous cycle really that we’ve been trying to avoid.
By the end of this month, we will be debt free. And it’s such a feeling, I tell you. No more worries about monthly credit/loan statements and no more stress to go to work even when we’re feeling sick. Back when our debt was so huge, we couldn’t afford missing work and not rendering overtime work, because that would mean that the budget is ruined and more interest from the banks. Just like most folks would scrutinize and search for the best diet pill, we would read financial guides/tips to help us with our goal of having debt to easy and manageable levels. So in separate posts, I’d share with you how we did it: a step-by-step plan if you will on how to have a debt-free life and/or keeping debt to a minimum.
congrats! that’s an achievement. 
yipee on being debt free! i wanna see the step-by-step plan. eversince i quit my job, i have become so strict with our weekly budget. even inspired my husband to create an iPhone app (called walletwhiz) that would help others manage their budgets too.
congrats on your triumph! how long did it take?
Posted by dee at June 11, 2009, 11:03 amKG and EJ: Thanks!
Glenda: Naku na pressure tuloy ako. Feeling know-it-all. I’ll see if I can publish it next week.
Dee: I think we got the wake-up call September last year.
Posted by thehusbandspeaks at June 11, 2009, 11:44 amYAAAAAAAYYYYYY!!!!
Congratulations RICO AND WIFE!!!
That is fantastic news, indeed!
Posted by mai da paypay at June 11, 2009, 6:14 pmgood for you both!!! i’ll wait for the step-step guide on having a debt-free life. im very much interested too!
Posted by ka at June 12, 2009, 4:18 pmWow! I’m impressed! Congratulations! I can’t wait for the step by step guide on having a debt- free life. hehe… Interesado ako
Good for YOU! You should celebrate!!
I look forward to the day I’m totally debt-free. I paid off one of my credit cards completely a few weeks ago and it felt so liberating.
Posted by toni at June 15, 2009, 6:16 pmwow! ang galing ng husband and wife team. congrats!
i’ll wait for the step-by-step guide.
Posted by Bette at June 21, 2009, 11:53 amA husband's weblog of thoughts, observations, interests, opinions, and adventures. For comments, reactions, suggestions, and donations, you can contact me at thehusbandspeaks@gmail.com.
If you're interested in advertising here, please e-mail me at kwentongbahay@gmail.com.
yay for you!!!!
Posted by kg at June 9, 2009, 5:19 pm