10 Habits of People Who Are Always Debt Free

Written by Grace & Silas

It seems hard to believe that there are people living debt free. How do they get to be debt free in the first place? Well, here we’re sharing with you habits of debt free people so you can start your journey to becoming financially free yourself!

Lots of Patience

Becoming debt free requires dedication and diligence, because, sadly, you can’t eliminate your debt overnight. And debt free people have lots of patience and understanding that the steps to becoming debt free is a long term process.

Use Cash

An important part of being debt free is spending only what you have and the habitually debt free use only cash when shopping for groceries, clothes, and other things. Why? Because cash is hard to part with and it’s harder to overspend when you’re limited on how much money is in your wallet.

Cook at Home

Sure, it’s fun to eat out after a long work day or go out to lunch daily, but that money spent could actually help you pay off your debt. Debt free people cook at home, bring their own lunches to work, and refrain from eating out. Of course, every now and then is great for a ladies night out, but every day adds up to serious cash.

Find Local Activities

Debt free people learn to take advantage of what’s in their community. And chances are, there are free activities in your city, too! You can check out Facebook to find free opportunities for fun without having to spend money.

Make Sacrifices

It can be hard to say no to going out or sticking with your basic cable TV package. However, making those small, but important sacrifices, will help you achieve your goal to becoming debt free. Things like this will help you keep focused on your goal.

No to Materialism

To become debt free you need to ditch the urge to buy things you don’t need.  It’s critical to remember that money will not buy you happiness.

Goal Oriented

Creating and sticking to goals is undoubtedly one of the hardest parts of becoming debt free, but debt free people are determined to meet their goals. and once you create your goal, you will benefit immensely and thank yourself later by sticking to it.

Create Lists

To better help meet their goals, creating lists is a habit of debt free people so they can stay on track and feel excited about checking off the milestones. So create a list of realistic and achievable goals when working on your budget to becoming debt free.

Great Communicators

Being open and willing to talk about their finances is an incredibly important skill to have. Debt free couples talk openly about their goals, current finances, and accomplishments or setbacks.

Make Deliberate Purchases

When making a purchase, especially a large one, debt free people research and make thoughtful purchases. It’s important finding not only a better price, but learning to say no to things you don’t need.

If you’re struggling with debt, then definitely make these habits apart of your lifestyle. These habits will shape the way you live and help you become debt free! 


Meet Silas & Grace

Silas and Grace always had a passion for travel. So in 2016, they started Chasing Foxes as an independent income source. 4 months after launch, they were making enough money from their blog to travel full-time, and in the past 5 years, they’ve been able to encourage others in their blogging journeys too. Learn more about Silas & Grace.

A grayscale side portrait of Silas and Grace Moser of Chasing Foxes kissing one another.

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