Do you view living totally debt free as a from of conservation?
By debt free I mean the only bills you would have are the mortgage, and monthly bills like phone, internet, power. NO car payments, NO credit card payments, NO installment payment of any kind. Even better for those rare folks who have paid off their mortgage, and live off grid. You can still have good credit, and not have huge debt on credit cards. If there is something we want, but more usually need, we will SOMETIMES put it on a credit card. When the bill comes, the entire amount is payed. No minimum monthly payments, as that is totally idiocy. We are frugal, but NOT cheap. That is such a difficult concept for people to understand. We do not go out and spend money on frivolous cheap junk. When we need something we buy quality items that will last a LONG time. My husband is doing a lot of construction of barns right now. He needed a quality hammer. He got advice from his Master Carpenter best friend. You can get a hammer at the dollar store, you can get one for $5 at WalMart….or you
