Paid in Full

 Another pay day, one more big bill crossed off my list-of-bills-to-pay is paid in full. Oh, what a feeling!!

It was approximately a year ago when I borrowed money from my son's savings account to paint the exterior of our home. I have been playing catch-up ever since. It has taken a year to get back to "zero" and my income has remained stable throughout this time. 

At the beginning of COVID, I was uncertain how my income would be affected. I had a back up plan but it involved incurring debt. Had worst come to worst, I would have qualified for the payments our government provided which would have been a godsend. Taking on added debt without a regular pay cheque in sight is incredibly hard to make up.

I count my lucky stars for every month where my income rolls in as expected and on time. I realize my income sources are not a guarantee and know I need to create a contingency plan for the time when this changes.

It took a year to recover from borrowing $5,000. What if my income was cut by a third? How would I manage? Contingency plans run rampantly through my thoughts as there will come a day when that becomes my reality.

Now that I'm almost in the home stretch of paying my major annual expenses (house and car insurance left to go), I must take action to ensure I'm not so reliant on every penny I earn.

It always ends up this way. The moment there is a small amount of wiggle room within my budget, I find a way to create the scarcity I am accustomed to living with. I've made do with much less in the past. I always find a way.

Back up plans, cut backs on personal spending and making do. I am grateful for the stay-at-home recommendations throughout this time. It has made budgeting so much easier to attain. 

Last July and August my vacation spending equalled the amount it took me one year to save this year. Then, I went on to spend that amount all over again throughout the remainder of the year. Vacationing is expensive!

I'm on the right track but I must admit COVID restrictions have made all things possible. Finding my way back into the black is a huge incentive to keep going this way. As my son quoted something he read long ago, when one is continually living in debt and fighting to pay it off, the end reward is, "All that hard work and budgeting and all I have, is 'zero' ". 

Zero is good. Ground zero is a very good foundation. Working up to that foundation is not without its challenges, but when you get there the tendency is to try to keep your head above water. 

Staying afloat is a life long endeavor. I am grateful for what I have, how I got here and my ability to maintain the status quo. At least for now. 

How in the world does a person ever retire when living pay cheque to pay cheque has been your reality your entire adult life? I'm sure life will teach me this lesson. 

To be continued ...