How to live a debt free life.

Do you know it is possible to live debt free? You do not have to be wealthy or even live a frugal life to enjoy a debt free life.  Being debt free is very liberating because you do not have to worry about how you will pay your debts.

How can you live a debt-free life?

Save for emergencies

Do not use your credit cards to take care of emergencies, save for emergencies. This means putting aside a little amount every month or week for use during emergencies. It is important to remember that every time you use your credit card you are getting into debt.

 Save with a goal in mind.

Having a goal in mind means that your savings are more targeted, for example, if you want to buy a car or renovate your home, you can do it from your savings. So, when you start saving you will be working towards raising the amount you will require for the projects. You can now allocate a certain amount to put aside until you raise enough money.

It is better to use cash to pay for things so as to avoid the fees that you will incur if you use your credit or debit cards.

 Think of your retirement.

Investing is a good idea because it will give you a source of income when you retire. Buy your investment options with a long-term plan in mind so that you can enjoy the fruits of your labor later on in life.

Live within your means.

The reason why many people are not able to afford to live on their income is that they tend to live beyond their means. You do not have to keep on buying designer shoes, clothes or bags, you can reduce the number of times you go out to eat in a fancy restaurant, and you can explore cheap holiday options instead of choosing expensive destinations amongst others.

 Living within your means requires discipline because you may have to do without some of the luxuries you enjoy like going for facial treatments, many trips to the salon, eating in fancy restaurants among others. However, it is possible to still do some of these things but at a moderate level.


Living a debt-free life is one of the most liberating experiences you will ever have. There are people who live like this, but they will all tell you that it requires discipline and a burning desire to live a better life by not having to worry about money all the time. Another benefit of living a debt free life is that you can enjoy your retirement years with what you have put aside in savings and not have to worry about being a burden to your family members or how you will be able to survive without an income.

So, go ahead and try and cut out the fluff in your life by living within your means and getting into the habit of saving some money every month.