I love knives, so it made sense to me that a knife would be the symbol of becoming completely debt-free. Not sure if anyone else in the world has ever done this, so I am sharing my idea of the debt knife.
An inkling of the idea of the debt knife probably came from something I read years ago. It was the foreword to a cookbook written by two friends who signed a three-book deal. They did really well off their first book. In the second book, they mentioned that they used some of their money to buy a set of really high-end kitchen knives.
?? I thought.
I started my adult life with a bunch of hand-me-downs from various family members and whatever my roommates brought in. I had pots with missing handles, wobbly dull knives, mismatched plates, cracked cutting boards, and melted Tupperware. Nobody was going to offer me a publishing deal on a cookbook because my cooking was terrible. If I wanted to make a recipe and I didn’t have all the ingredients, I would just... skip them.
It wasn’t until I’d been married a few years before I discovered that my measuring spoons were inaccurate as well. That explained a lot.
It hadn’t really occurred to me, when I read this cookbook by the successful cooking friends, that one would... upgrade one’s gear. Was that... allowed?? Could one simply go out and... buy brand-new stuff?
When we got married, my husband’s uncle bought us a really, really excellent soup pot. I love that thing. We have cooked, oh, I’m sure hundreds of gallons of soup in that pot. I think warm thoughts toward that uncle all the time. A close family friend got us a set of salad tongs and likewise, we think about her and her terrific cooking every time we use them.
On the other hand, I didn’t think good thoughts about anyone the last time I used our cheap plastic pancake flipper and part of it crumbled off into the pan. Eww.
It’s my considered opinion that splurging on small items of daily use is better than other extravagances. For instance, if I buy a very fancy bar of soap, it might cost triple what I’d pay for regular supermarket bar soap, but it’s still under $10 and it will last for months. I’ll enjoy it more than I would an expensive pair of shoes that I would only wear to special occasions - that would then make my feet bleed anyway.
This is part of how I’ve gradually developed an appreciation for well-made kitchen gear. This is also part of how I arrived at my debt knife as a symbol of financial freedom.
This is how you can tell what a nice knife it is. It came in its own special box and it has a sheath.
That’s not how you can tell. You can tell what a nice knife it is because when I showed it to my husband he went “OoooOOOOooo.” Then he wanted to hold it and angle it back and forth.
Lolololol men crack me up, all you have to say is “Damascus steel” or “carbon fiber” and you have their full attention. Try it sometime.
What we had been using for the entirety of our marriage were a couple of IKEA knives that I think cost $7 apiece. They were adequate, except that after some time the handles started to dissolve and ooze black goo. Something happened to them after they got cooking oil on them enough times. You’d make dinner and then your hands would turn black. Gross and very annoying.
We kept using them, though, because nothing is easier than getting used to small miseries when you’re busy.
I though about it and I thought, if I buy one very nice santoku knife, that is all we’ll need. We can chop vegetables with it, then wash it and dry it and put it in its special sheath and put it right back in the drawer.
Indeed, that’s exactly what happened. We both like knives and this knife has its own gravitas.
The first thing I cut up with the debt knife was...
(what would you cut if you had one...?)
...a bunch of kale. I liked the idea of chopping up something that symbolically is flat and rectangular and green, like dollars. I also liked the idea of associating it with a healthy habit like cooking at home.
Another thing I like is exploring holiday traditions. For many years now, I’ve been making Hoppin’ John on New Year’s Day. I can’t argue against its claims to bring good luck and financial fortune, because we have gradually done better with money every year since I started making it. Also, at this point I’ve gotten my recipe down to the point of perfection, and sometimes we eat it just because it’s so good with cornbread.
Money used to be a painful topic that made me cry. It was like that for many years. In fact, when I met my husband, I was still at the point when I would make a payment on my student loan and the balance would actually be higher because the interest was front-loaded. Many a bitter tear over that. I was so poor I slept on an air mattress that I kept having to patch because I’d wake up on the floor.
I haven’t forgotten.
Becoming debt-free was a victory that took many years of focus and hard work. It’s something worth celebrating. When you’re still in the trenches, it can feel like it will never happen. It’s so easy to slip into a sense of futility. Don’t give up!
Every time I use my debt knife, I think, I did it. I made it through. I will never be in debt again.
Every time I use my debt knife, I think, others can do this too. I believe it. Cut yourself free and imagine what symbol you will choose to represent your freedom.
I've been working with chronic disorganization, squalor, and hoarding for over 20 years. I'm also a marathon runner who was diagnosed with fibromyalgia and thyroid disease 17 years ago.
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