Enlightenment in a Basement
In 2004, the two of us moved into a friend’s basement apartment. Our friend prefers to call it a “garden level walk-in”, but it does not meet the legal requirements to be called such. Therefore, we call it a basement apartment. Even today we refer to it as “The Basement”. We make fun, but it was a sweet deal for us financially and we fondly look back on our time there.
Though we didn’t know it when we moved into The Basement, we quickly realized that this was the answer to our financial problems. At the time, we had $51,000 in credit card debt. Shortly after moving into The Basement, we acknowledged our financial foolishness and devised a plan to climb out of debt, no 1980s music montage included. In about two and half years we paid off our credit card debt and in about four years we started shopping for our own home.