The Cost of Borrowing

A couple years ago, right in the middle of our debt-free journey, we got the exciting news I was pregnant with baby #2.  We were thrilled, but as the due date inched closer and closer, I began having panic attacks.  How were we going to afford 2 daycare payments?  2 sets of diapers?  Formula?  Forget that - how were we even going to get through maternity leave?

Less than 2 weeks before baby #2 arrived, we got a loan, no, I'll say it, a handout, from a family member.  It was amazing and heartbreaking at the same time.  It wasn't much - it was just the perfect amount. 

And although we assured them we would pay it back, they assured us that they would refuse it.

But here we are 3 years later and I still think about it..  I still feel guilty over it. 

You know how you feel when you hear about people who run up a credit card on a lavish vacation, then whine about paying off until someone (usually related) pays it off for them?  That was me!  (Well, except for the lavish vacation part)

I hear about those people now and it makes me sick.  You don't learn anything that way.  You don't feel the pain. 

Although that amount didn't fully pay off our debt, it took some of it away.  Consider that local anesthesia.  :)

Money comes with price.  Sounds kinda stupid, but it's so true.

Borrowed money doesn't get you out of debt.  It may pay off your debt, but you always have a debt.












On a lighter note, over the weekend, DDA celebrated it's birthday!

Credit

Here's to another year of bean counting, debt dumping, and shoe scouring!!!