It’s been fun to watch the reactions when I tell people that I’m taking a year off. Particularly from people who know that Britt is a stay-at-home Dad. Generally it’s a raised eyebrow followed by a long pause. I can see the wheels churning in their head wondering how we pay our bills. Are we getting some assistance from the government? Did we win the lottery? Did I get an inheritance? Nope – the answer to all of those questions is a big NO.
Although I am still hoping for the lottery….
So here I am to tell you how I did it. In a nutshell:
- I shopped
- I shopped some more
- I shopped even more
- I got into debt
- I got out of debt
- I learned my lesson
- We now live (and have been living) below our means
That last bullet point is the ka-ching folks. Britt and I don’t live any differently now than we did ten years ago. Well just a little differently – we have children and live in a state where the sun shines every single day, but our living expenses have increased only ever so slightly. Couple that with some wise decisions along the way, a growing career, a ton of prayer and bit of luck – we did good!
Those of you that know me also know that I am a material girl at heart. I love my purses so much that I need a separate insurance rider. I like nice clothes and much to Britt’s dismay – I like to decorate and re-decorate (and re-decorate and re-decorate). The key to living below your means is to know yourself & identify your bad spending habits. Then develop creative ways to satisfy your cravings so you can funnel your money to a savings account instead of a cash register. The end result for me was a year off!
Over the next couple weeks I’ll be talking about how I got out of debt, how I budget, how I generate income online and how I save. Along the way I’ll share my methods to living below my means without feeling like I am.
I’m going to call it the Living on the Skinny but Feeling Fat series. Nah – that’s too long. How about the Skinny Wallet, Fat House series? No – that implies I have a big house. And I don’t really like the word fat.
I got it. Skinny Wallet, Phat Life! Perfect.
So won’t you join me? And don’t worry – if you liked reading my adventures with my Playroom Office – there is lots more of that to come. I have a whole house to do. (Sorry Britt.)