Wealth-Coaching

I ran across some no-nonsense, straightforward strategies for living debt free by Donna Watkins at TheHerbsPlace.com. In a general sense, she mentions the need to change the habit of impulse buying and then she outlines the following three things that she committed to do to God and her family.

#1)  Anytime we intended to purchase something, we would grab our note pad (instead of our credit card) and write down what we wanted to purchase and the price.  We would have to discuss it with each other.  If we still thought we wanted to buy it, we would wait 24 hours to make the final decision to purchase……that eliminated 90% of our purchases.

#2)  When something was a necessity and over $20, we would get three prices on it to be sure we got the best deal for our money.  Use the telephone! Don’t waste gas money on comparing prices.  It costs approximately 44 cents a mile to run a car in America.

#3)  We set up a grocery budget that was reasonable, but not excessive, and we lived off of it.  No exceptions!  That budget included the "eating out," which, by the way, we just decided to give up.  There’s very little nutrition in eating out, so we figured we’d be gaining greatly with that decision.  We "ate out" by serving meals in different places and calling it ‘eating out’…..like on a tablecloth in a bedroom, or eating at the coffee table in the living room, or picnicking outside the back door.  Get creative and make getting out of debt a fun project, not a drudgery!

I think its great someone is talking about techniques to stop the habit of buying things on impulse. So many programs talk about stopping impulse buying, but these are some excellent ways to actually do that.

Donna also adds, " It’s amazing how much time we have since we rarely go shopping.  We purchase our food supplies in bulk once a month and shop for produce twice a month. When you’ve earned the contentment that comes with the discipline of getting out of debt, and you’ve changed your mindset to wanting time and peace instead of wanting things, life becomes a whole new adventure!"

All I can say is WAY TO GO DONNA… We, here at Wealth-Coaching.com are proud of what you’ve been able to accomplish. For more information on debt mastery, please visit http://www.mydebtfreeplan.com.