Happy Birthday to debt and misery! 

Hello Dear Readers,

Can you believe that we’ve had credit cards for fifty years? They have their place but they also can become a millstone that can ruin families. In the days of easy credit, they were offered and credit limits were frequently raised. Now, if you get a credit you’ll pay a huge interest rates as the lenders know desperation when they see it and know how to exploit it.

Lenders are there to make as much money from you as they possibly can. They don’t care what happens to you, how they can and will raise interest rates or how your family suffers if you struggle to pay back what you’d borrowed. 

I’ve used credit cards in the past when we were renovating our house in Plymouth and had to face up to our own debt and know the enormity of what I’m about to suggest.

You can live without credit cards.

It starts with the difficult process of paying off everything you owe. 

We took our credit cards, continued to pay the minimum payment on all of them and put as much money as we possibly could on one of them. We made the decision to cut every expense to the bone and did this by giving up everything that wasn’t an essential until we got out of debt. When we’d paid off one debt, we continued to pay the minimum payment on everything and added everything we’d paid on the debt we’d just paid off to the next debt. We did everything we could to earn extra money and used every extra penny to add towards not just paying off credit card debt but all our debts.

We’ve not looked back even though it’s not been an easy choice.

We live without credit cards by continuing to live simply. Now, we add extra money to paying off some extra capital on our mortgage each month, add some to a household savings account and some to our French savings account to pay for work on our French home. It requires the same self discipline as paying off debts, including credit cards debt. 

It means that five years after paying off our debts we continue to budget for everything we do.

If we want something we plan for it. We also make decisions whether what we’re about to buy is needed or not. Our dishwasher died and we considered that we didn’t need to replace it. There’s just the two of us and now I only cook every other day which cuts back on washing up. Our boiler, which is twenty years old and you can’t get parts as it’s not made anymore, is beyond repair and failing regularly. Being clean is essential so we’re replacing it and we’ve saved over the last few years to do so.

It does mean we can’t be spontaneous but equally we’re  debt free.

It’s not for everyone but it works for us.

Until tomorrow,

Love Froogs xxx


13 thoughts on “Happy Birthday to debt and misery! 

  1. we dont have store cards credit cards of any sort or any bank loans as i paid one thing up i concentrated on another now we save for everything even the unexpected my husband is self employed and his work is seasonal so i plan for Autumn and Winter in every way we gather logs and wood for fuel during spring and summer we recycle and mend what ever we can and dont rush into impulse buys yes im honest sometimes it can be boring and hard to keep focused but i would rather live like this than have debt at our heels


  2. It’s great that you show how much you enjoy your home. Such a lot of effort goes into getting one so it is important to spend time and feel happy and safe in it. xx


  3. What it gives you is peace of mind, stuff just clutters up the home and your mind and the cost weighs heavy more way than one, being frugal whilst requires thought and discipline is liberating and the sound sleep at night it gives you being debt free is priceless ☺️


  4. I don’t disagree that using credit cards unwisely is a very bad idea. However credit cards used wisely can be compatible with a thrifty and debt free lifestyle- I have a credit card that pays cash back on all my spending and a direct debit set up to pay the whole balance off every month. I pay for virtually everything I buy by credit card which earns me about £150 every year on cash back . It also saved me money on mortgage interest – until last year when I paid my mortgage off 13 years early I had an offset mortgage so the more money I had in my current account on each day of the month the less interest I paid.


  5. I have a tesco credit card which I have paid off in full each month since I’ve had it. It earns me tesco points which I save up and use to buy my kids presents for Christmas so reduces amount I spend in long run.

    Agree though it does require discipline


  6. I love my CC. It pays me £15 free money a month. It currently has a £500 balance and is paid from our current account, which we leave £20k in for the 3% interest (we like our buffer to be easy access)

    Actually borrowing money though? The devils work!


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