Characteristics of Debt-Free LivingWho Makes Lanvin Hoodie Brand?Tips For Selecting Vitamin Supplements For Heart Problem
7 debt and paying off allCharacteristics of Debt-Free Living
your credit card balances. Living debt-free is all about not getting into debt in the first place.
There are folks out there who subscribe to this philosophy. They’re a different breed, one that
you might think of as “weird,” but they generally have a lot of money in the bank.
What does a debt-free lifestyle look like? To answer that question, we’ll need to examine some
of the characteristics of people who’ve chosen to live this way. They share a unique perspective
on what’s important in life. You might not agree with some of this, but debt-free lifestyle
choices are a proven recipe for achieving financial stability.
1. Society doesn’t dictate spending decisions
Coveting what your neighbors have is not a characteristic of someone who’s chosen to live a
debt-free lifestyle. Financial decision-making is based on needs, not wants, and purchases are
made using cash, not credit cards. This is contrary to how most of America thinks. We all want
to “keep up with the Joneses.” That’s how we accumulate debt.
2. Self-control takes precedence over emotio
The concept of an “impulse buy” doesn’t exist in a world where people are trying to live debt-
free. That money would be better off in a savings or investment account. This may seem a bit
Spartan, but it pays off in the long run. How many of your “impulse buys” have sat on a shelf or
been lost along the way? They’re simply not that important.
3. Brand names are irrelevant
Quality merchandise doesn’t need to be labeled by a brand-name manufacturer. There are
plenty of generic brands that offer the same quality at a more affordable price. Debt-free life
adopters don’t care what the label says. They spend the lowest amount possible, without
sacrificing form and function. Try it some time. You might enjoy it.
4. “No” is a complete sentence
How many times have you decided not to buy something and then changed your mind? Saying
“no” without any reservation is a discipline that takes years to develop. Learn to respect the
word. Once it comes out of your mouth, the decision is final. Move on to the next topic. It
sounds harsh, but it’s actually quite liberating.
