On February 1, 2020, when I repaid 3,000 yuan that day and only owed my family 20,000 yuan, my parents said not to pay any more and treat it as their contribution.

I am grateful to my parents for their sponsorship and happily accepted it.

Even more happily, the debt repayment period since August 1, 2018 is over.

On July 31, 2018, my parents lent me 123,000 yuan.

As of February 1, 2020, I paid back 103,000 yuan to my family.

In 2018, my monthly salary was less than 4,300 yuan, and all bonuses and other income combined were only 21,500 yuan.

After providing provident fund every month, I still have to pay 2,300 yuan in mortgage payment.

I felt that I had no hope of paying off this debt, but I did the following 5 points, which now prove to be very helpful in helping me achieve my debt repayment goal.

1. Be determined to repay: there is no room for negotiation, repay the money as soon as possible 2. Develop a feasible repayment plan: tighten first and then relax 3. Strictly reduce expenditures: being stingy even scares yourself 4. Open source through multiple channels: salary increase

/Multi-channel part-time job/Financial management income 5. Update the concept of wealth: Believe in money and be optimistic about money———————————————————————————— 1. Determination to pay it back

Although it was a loan from my parents, I know very well that my parents have worked hard all their lives to save just this little money. They are getting older and the money must be returned to them.

So I never thought about delaying repayment slowly or delaying repayment. Instead, I worried that they would feel insecure if they didn’t have much savings in their accounts, so I established the concept that as long as I have one yuan to repay the loan and other than living expenses, I have never thought about it.

Money must be paid back quickly.

It is precisely because of this determination that the transfer of wages and bonuses begins as soon as they arrive and the money is paid back immediately.

Because I never thought that I could not pay back the money, I had to pay it back much sooner than expected.

2. Make a reasonably feasible repayment plan. Since I have to pay back the money, I started to make a repayment plan.

The first form didn't even include the loan repayment amount, because I didn't know when the loan would be approved at the time, and it was said that it would take half a year or a year to be approved, so that the accumulated provident fund could be used to offset the housing loan.

So I took a chance and didn't have to repay the loan.

Facts have proved that this is naive. Provident funds and commercial loans fell in November and December.

However, the three-month delay also helped me accumulate the mortgage payment for the next three months.

Another explanation is that I allocated 500 yuan from my salary of 4,292 yuan to my fixed investment fund as a spare fund to pay myself. This operation is very good.

As said in "Rich Dad Poor Dad", the first payment should be made to yourself.

Even if there are a lot of debts to pay.

Although 500 yuan is very small (10% is recommended), it gives me the hope of an increase in the amount in my year and a half of ascetic consumption life. Thinking that this amount of money can be used to reward myself in the future, I can endure the current moderation.

This is very important!

I took stock of my basic consumption, including gas, tolls, food, clothing, shopping, and insurance, and gave myself a budget of 1,492 yuan.

It turns out it's a little more than that every month.

But it’s already countless times better than before in the moonlight, because there is a psychological benchmark there.

The repayment plan is to pay off a little more first year without paying back the loan.

Because the repayment target was high in the first year, there was an income gap of 40,000 yuan.

I don’t know where I had the courage at that time, so I wrote a part-time income of 40,000 yuan.

My thinking at that time was that I had to find various ways to make money to repay the money, otherwise I would be under pressure to pay off the mortgage in the future and not be able to pay back the money.

Wherever the seeds were planted, they actually sprouted. Although far from that many, it gave me the courage to ask my classmates if they had any part-time opportunities.

3. Strict expenditure reduction: Cut all unnecessary expenses. After making a monthly consumption budget of 1,492 yuan on the amount of daily necessary expenses, I painfully convinced myself to give up unnecessary consumption: buying new clothes, shopping

Cosmetics, dining out with friends, watching movies in the cinema, working out at the gym, watching shows, signing up for various types of classes, and traveling.

Being stingy even scares me.

You don’t need to buy new clothes or cosmetics anymore because you just came back from abroad and you can only buy enough for one year.

It doesn't matter if I don't go to the cinema to watch movies instead of watching them on my mobile phone. I don't buy a fitness card and instead use Keep to work out. I bought dumbbells and elastic bands and only spent about 100.

Eat out with friends.

In fact, the number of invitations from friends to go out is far less than I imagined. After all, everyone now has families and children, and it is difficult to have time to share with friends.

I have to go out once and for all, so I try my best not to go out. Some of my particularly close friends know that I am short of money, so they all rush to pay and don't let me pay at all. I also keep this in mind.

Later, when I had a little more money, I also thought of ways to return the invitation.

They were happy to see that I was in better condition and let me pay.

I also changed the meeting with classmates to go to free calligraphy classes together, or drink tea at home.

Good friends actually do not lie in the form of meeting.

And this process has also virtually filtered out some friends who are just having fun.

After watching the show, I quickly came up with a solution.