Thursday, 28 June 2018

The Time to Shed Debt is Before Turbulent Times

As I look at my timesheet (two days before the end of this payperiod) and I see that I will fall far short of my Budgetary Minimum I do so with mixed feelings.

The first is frustration as that number, my Budgetary Minimum is what my budgets and forecast are based on. I am expecting to make that number bare minimum.

Yet, because I am now debt free, not making that number is not so large a deal as it would have been four or five years ago.

Back then, it would have been setting off alarm bells as I scramble to cut and trim my budget so that I could still meet all of my debt obligations.

Now, what it will do is cause me to put less into savings . . . oh well, much less of a calamity.

Okay, technically it is a bit of a pinch because this is the paycheque that I will pay for my truck insurance for the year all at once. 

The meaning is the same because I will still meet my obligations even though I will fall a hundred or so short of my budgetary minimum.

As I look around me and I see a global trade war brewing with everyone betting the other guys will fold first

Yet with nobody being able to withstand a trade interruption for long, very turbulent times are coming indeed, and nobody will be safe from the effects of its shockwave.

Whilst I do not know what will come and truly hope that cooler heads will prevail and the world will go back to “normal” I will still just trudge forward and build my savings as best as I can for as long as I can.

I am thankful that I am debt free; that is truly a blessing in turbulent times.

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

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