Good morning, everyone!! It feels SO good to be publishing a blog post again after such a long time. Life has been hectic so to speak, no not really. I was just feeling extremely tired and exhausted.

Late last year I became upset with becoming financial and debt free.  I begin my journey to financial freedom. Therefore, I paid off and closed two credit cards and a store card.

Needed to begin thinking about my children’s future and wellbeing and stop being reckless with my finances. I paid off off my two credit cards and a store card.

REASONS WHY I PAID OF MY TWO CREDIT CARDS AND A STORE CARD

Each credit card was charging me R50.00 every month for a service fee, which made it R100.00 a month for both, now multiply that by 12 months you get R1200.00 in service fees.

That could be going into paying off other debt or into your savings account to build your wealth because let’s face it what are the odds of everyone winning the lottery.

Just because you can afford to pay the monthly minimum needed every month, does not mean you have to have store cards for different store or credit cards.

Bad debt inhabits you from building your own wealth and you really don’t get a chance to enjoy your hard-earned money.

Honestly, I got into bad debt because all these companies were calling me and offering me things and at the time everything sounded amazing. Well, it was not. Over the years I have learned the art of saying NO THANK YOU.

Saying no can really change your life when it comes to unnecessary debt. We need to educate ours about the differences between good and bad debt because not all debt is bad.

It was so liberating to close those accounts under my name and felt like shackles loosened on my feet. I still have 1 debt left, which will now get all my focus and I aim to pay it off in a year.

The sound of financial freedom is sweet and once you begin your journey. You will sleep much better.

Remember, if you can’t afford to buy it cash, save for it. Having debt, it is like being in prison, that gives you the illusion of being free.

Have you paid off any debt and how does it feel?

I am not a financial advisor, just sharing my experiences and what I have learned from having debt and paying it off.