I’ve finally gotten my line of credit down to zero, the car is paid off, and all credit cards are up to date. It was a struggle, but now I’m ready for phase two: actually building up my cash reserves. I’m probably 5 years or more away from full retirement, so I have a limited time of big earnings in which to do it.
One thing I have to be careful of is the lure of “toys”: a new car, electronics, gadgets. I’m in the demographic that advertisers don’t really hunger after, so there will be less temptation. My “vices” now are small: a bottle of wine on Friday night, the odd new book, and coffee at Starbucks.
See more progress on: learn to save money
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