Wednesday, 7 March 2018

Not A Happy Payday

Payday, at least recently, has been a happy affair. I get cash and I get to see my savings build and grow. 

Yet, this payday, the opposite is happening, my savings are being drained, somewhat. The important thing to remember is that this is being done of my choice. 

First of all it was my choice to get Wanda repaired at this moment (that coupon for reduced labour rate was the main reason why). 

Second of all it was my choice to pay for those repairs right now, and not put it on a credit card and kept my savings intact. I could have, that was a choice. 

I paid the bill in full now, because I am sticking to my principles; to remain debt free, unless absolutely necessary, or if it is in my best interest. 

If I had done that, then all extra cash would have been going on that credit card to chip away at it, while my savings grew steadily and predictably (yet slowly). 

If anything were to happen, employment-wise, the first thing I would have done was to pay off that card, so as to be able to live as cheaply as possible in those uncertain times. 

This way, sure there is this one payday of pain, but after this, my savings will grow. After this, every spare bit of cash I can save, will go into my savings. 

As I have said before, I will move forward and grow my savings, but I will do so honestly. 

I will hold true to my principle of having credit available, but only using credit and debt when it serves my best interests. 

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

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