The Rebuilding Phase Has Begun!

So, today is payday and I was able to pay my bills and put a little bit into savings. 

This means that I am officially not only completely debt free (the credit cards will be paid off tonight) but I am now building up my savings.

This end of the year, at least for me, means that my paycheques are bigger, and no this is not due to the generosity of Boss. 

My paycheques are smaller at the beginning of the year and start to get slightly larger towards the middle and even better at the end of the year.

This is due to the amount of payroll taxes that are taken off of my paycheque. More is taken off my paycheque at the beginning of the year, with very little at the end of it.

The government wants to make sure to get their share and get it early, go figure.

At any rate, for me on this auspicious day it means that I am able to officially shift into savings mode. 

Woo hoo. 

For this is what The Rebuilding Phase is, it is the phase of my life where I rebuild my fiscal reserves up to a point where I have established as my new minimum acceptable levels. 

• $1k in my Main Account

• Two years worth of living expenses in the Mid-Term account

Once that is done then I will shift into The Dreambuilding Phase. This is where I will put my savings into the Long-Term Account and so doing, build up towards my dreams.

For now, though, I will keep trudging forward and take solace in the knowledge that each paycheque not only moves me further ahead, but further away from destitution (should I lose my job or other fiscal emergencies arise).

All because I downgraded my lifestyle so I could upgrade my finances. Now, whilst I am still adjusting to endure the cold temps, I am filled with a sense of pride and yes, freedom.

As always: Keep your head up, your attitude positive and keep moving forward!