Sunday, June 23, 2019


Eight years ago,  I had quite the credit card debt.  Mainly from going out to eat and drink, buying vinyl records, buying clothes, and a bunch of other shit I have got on a whim.  The hair up my ass to shop..  A child changed all of that.

To get out of debt, I set a goal of paying a debt on a DAILY BASIS.
Every day.

It is measured and actually easier than plunking a bunch down at one time.

I simply took by bi-weekly paycheck and divided that by 14 to determine my daily budget.   I would never spend more than that and all the leftover went into debt payment.  

I had broken out all of my regular bills: utilities, taxes, insurance into a daily amount.  Currently, daily cost to pay water, sewer, gas, electricity, cell, internet, tv, car tabs, car insurance, home tax, and home insurance is $41.74 per day.   That leaves me about $100 per day to feed my family and buy gas for the car.
Easy peasy.   

The remaining amount went to paying off the credit cards.  Once that was wiped out, it morphed into a vacation fund.  It results in having a 10 day trip to Hawaii totally paid for, including all food and spending money.  Still I have leftover.   That amount goes into my stock fund.

Think about it this way.  Just $20 a day adds up to $7,300 per year!

Just wanted to bring up a tip that I think makes paying off debt or saving for a goal easier

And it does not involve gambling your ass off...

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