I really enjoy giving gifts. As they say, to give is better than to receive.
Living back at home with my folks has been a huge gift to me financially. It has afforded me the opportunity to really tackle this debt head on by dramatically reducing my living / lifestyle costs. I pay $140 a fortnight to my parents for board, which basically covers food. I have asked them to let me (yes, I had to ask because they were happy for me not to) to chip in on electricity costs to the value (approx $170 – $200) of what I used to pay per quarter when I lived alone. Compared to what I spent on rent alone when I lived out of home, these costs are soooo minimal!
My folks don’t actually know the total amount of my debt. They know I am on a debt smashing mission and I plan to tell them the total amount at the end of October when I am DEBT FREE!!
I also want to give them a gift, to say thank you for the opportunity to pay off my debt and change my life. I know that is what a lot of parents would do, let their kids come back home, but I know not everyone would have this option. There is no way I could be debt free by October without living back at home. And I am very grateful.
I am starting my Gift of Change Challenge. I have a jar. Every $2 coin and $5 note I receive from now on is going into my Gift Jar.
I don’t know why I chose $2 and $5 notes. I just did. I don’t know how much will be there at the end. But it will go towards the Thank You gift I want to give my folks.
I’ll also give an update each week on how my Gift Jar funds are progressing!