Quote:
Originally Posted by vivaldirules
In many ways, we are far from frugal including eating out a lot. But one way I'd say we are frugal is in never borrowing. We haven't taken out a loan since 1995, we paid off our mortgage years early, and when we are short we make decisions on what to do without. We've lived with threadbare (I mean to the substrate) carpet and damaged walls for years while we put our kids through college. It's a matter of priority and a desire to never incur debt again. We're hoping to finally make the house repairs later this year.
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Do those repairs yourself! Carpeting isn't too difficult. When I was a kid we had a rental property that got really beat up and we had to fix - we ripped the carpets out and my mom paid me a penny (or a nickel) for every nail I pulled out. I had so much fun!
I have considered paying off my mortgage early, but I really have no idea where things are going in the next few years. I'd rather put that extra cash in savings right now. The only other debt I have is a car loan (being paid off at the end of the summer).