How to Live on Less
And so it begins! Good morning, readers. Today is officially DAY TWO of our No Spend Challenge and I am still in shock that it is even 2016 (I haven’t caught up on sleep yet either). Already, my wife and I are learning how to live on less and are surprised to find out how much we were wasting before.
I’ve been thinking about our debt and how it is holding us back in so many areas. First off, I want to preface this post by explaining why I am writing it because it does seem a little depressing. But I want you all to understand a few things:
- First, I am human and though it may seem like my wife and I are always excited to pay off our debt, there are times where it is unbelievably hard and where we simply want to give up.
- Second, there is hope, even if you are in a crappy situation. There is hope to get out and experience what life is like from the other side and to live your life to the fullest if you work hard at it.
- Third, debt is not everything. Debt comes and goes, but your experiences are what matters. Remember to keep working on living life to the fullest and not having any regrets – you only get to do this once. Learning how to live on less doesn’t mean giving up on everything.
With that being said, here goes. Sometimes I wish that we could go back to the way it was before we calculated our debt and began to learn how to live on less. Back before our wedding when we were living life the way we wanted to and enjoying every day. I can’t imagine the money we were wasting, but what I do know is that we weren’t focused on debt.
Sure, we paid the minimum balances for our loans out of deferment, but other than that we sort of ignored the rest of them. We knew they were there. We knew that we had them. We knew we would eventually have to pay them off, but we also had made the decision (whether consciously or not) that we would just pay the minimum until they were gone. It started only a few years ago, but the reality of our debt has been ingrained for many years before that. Let me explain.
If you are new to our NSC Series, start here!
-If not, you can skip this section-
As some of you may know, we are preparing for our first every No Spend Challenge (NSC), starting January 1, and holy cow, it is approaching quickly.
The short story is that my wife and I racked up a ton of debt (read how HERE) and want to pay it off as quickly as possible so that we can live our dream lives (read about our goals HERE). This challenge will help us learn about living frugal, saving money, and paying off our debt faster.
Visit our post, Frugal Living at its Finest: the No Spend Challenge, to view why we are doing the challenge, what the challenge entails, and the rules.
The hardest thing about budgeting and frugal living is doing it alone and that’s why we want to invite you all to join us on our NSC. Sign up below to opt-in to our email community, filled with exclusive tips and tricks for saving money to survive living frugal during your NSC month.
Follow our rules or make your own! Join for one week or the entire month! We know that not everyone is in the same situation we are in. Stick with the No Spend Challenge for as much or as little as you are able in your situation and don’t be afraid to hop on after the starting date (it’s never too late to join in on the fun!).
We’ll be taking the challenge right alongside you – with daily blog posts, encouragements, and exclusive email information and communication: this will be the single, greatest choice you make to jump start the New Year.