Have you ever heard the say; you can wonder into debt but, you can’t wonder out?
Well! Getting out of debt is like going on a diet—it may sound simple, but it sure isn’t easy. The only thing that really works is to spend less and save more.
Debt doesn’t benefit nobody, it doesn’t benefit your life, it doesn’t benefit a marriage or a family or your future. Just as in the past few years I’ve experienced the satisfaction of being fitted, I have also eexperienced the pain of being overweight. It has been a rollercoaster and emotionally draining! Is so much alike that debt also has its consequences. Here are a few reasons I think everyone should avoid debt:
- Debt makes you a slave/servant to your lender.
- Debt steals from your future.
- Debt hinders/makes it impossible sharing with others and practicing generosity.
- Debt erodes resources through high interest payments.
- Debt promotes impulse buying.
- Debt is like money leaking from your pocket or bank account
- Debt compromises your retirement
- Debt is like having winter all year round
- Debt controls your money not you.
- Debt is NOT sexy.
The number one thing we recommend to start you on a debt diet is having a game plan.
My amazing husband, Anuar, and I have experienced the incredible miracle of being freed from $47,000 in consumer debt. We purposed to get out of debt and made immediate changes in our lifestyle to accomplish this, and within two years we were debt free! Funny thing is, like I said; you can wonder into debt or even sometimes debt can creep up on you. Murphy has a way to make his way. No, sometimes you’re not even looking to getting into debt but, I guarantee you, if you don’t always have a plan for your money someone else will. We made up our minds, made a decision, prayed for God’s help, and found the strength we needed keep the commitment to become and stay debt free. Thus, the first step is to decide to become debt free and determine to do it God’s way. Read, how to payoff debt with a low income
Get on a budget.
We cannot stress this enough! We have tons of resources and ideas available here on our blog to help you with this, feel free to explore around and get in touch with us let us know how we can help and serve you best!
Write down your debt on paper from smallest to largest. Make a chart with the amount you owe on it, add to your monthly budget the amount you’re planning to pay each month, once you have processed that payment go back to your chart and make the changes.
We believe that following a regime will help you stay in charge but, more importantly will help you get out of debt a lot sooner. Read, the silliest thing I did to payoff debt.
What other plans have you implemented to get out of debt?
Have you ever been on a debt diet before?
leave us a comment or connect with us we would love to hear from you.
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