Showing posts with label Debt. Show all posts
Showing posts with label Debt. Show all posts
Saturday, February 18, 2012
Taking a Deep Breath
Remember in this post when I briefly mentioned that I think God has been blessing all of our hard work and financial stewardship? I had no idea what I was talking about.
Since that post, we have literally been overwhelmed by various things that keep popping up and providing us with more income than we know what to do with. (Okay, that is a complete lie. I can always find something to do with extra income!) It has come in the form of tax returns, random gifts of money or gift cards, extra vacation days discovered, and the list goes on.
I want to to share over the coming weeks what we are able to do with our excess. Some of it comes in the practical form of finally getting our car registered as an Oregonian and paying off our next 6 months of car insurance that is due next month.
But the one I’m most excited about so far is that we were finally able to pay off our first student loan!!!!!! (Oh, and let me just add an extra !!!! for emphasis). I feel incredibly blessed to be able to accomplish this only a few months after we started tackling these suckers, and even though we have a Long (yes, with a capital L. I don’t want to talk about it.) way to go, I am celebrating this small success that feels like a big one! We have calculated how long it should take us to pay off these loans individually, and this one wasn’t supposed to be paid off until April, so I’m over the moon that we got to make it go away 2 months early.
However, even though we sometimes feel buried under our mountain of debt, I want to be really intentional about making sure we’re still giving back as we’re able. I have tithed 10% to the church for as long as I can remember, and in college I also started a mini-hospitality fund that I use anytime I come across a personal situation I want to be able to help out with. This has helped send friends on mission trips and give anonymously to people who need it. But this recent flood of abundance has really been nudging me for something a little deeper.
So I’m really excited to tell you that my hubs and I are going to start building an additional act of giving into the budget each month that will allow us to give to a global cause we feel called to support. What I love about being able to do this is that we already give locally to people we meet and the church/community we live in, but we can also do some research on things that are happening around the world and give where we find something we want to support.
Anyway, I invited you on this journey of rising out of debt, and I feel like we reached our first rest stop along the way. We have some other fun (and smart) things planned for the rest of the money, and I'll be sharing as always!
{Photo source}
Wednesday, October 12, 2011
Road Trip!
I’d like to invite you all on a journey. It won’t always be fun, but the destination
will be so worth it. We might have to
shed a few tears together, undoubtedly climb some major mountains, but
hopefully we’ll be able to laugh together and definitely grow together too.
The journey is this: get rid of debt! My companion and I committed to this Monday
night at our Financial Peace University class, and I’d like to invite anyone
who wants to come alongside us with your own struggles or stories.
First, let me boost your confidence a little. See, people don't believe us when I tell them we have a ton of debt. Allow me to blow your mind a little: in this
wonderful marriage, there is one car, one cat, one little apartment, a lot of
love, and over $100,000 in debt.
Yes, you read that correctly. Feel better now?
Now everyone keeps telling us that the plus side is that
this debt is good debt because it
funded our education and doesn’t count against our credit as long as we keep up
payments. But these people are dumb. There is no positive side to debt, and though
I don’t regret going to college to acquire it, I certainly do not plan on making friends with it.
We don’t make a lot of money, but we WILL get out of
this! I’ll keep you all updated on our
progress, and if you have any tips or stories to share along the way, please
do! Our only tip at the moment is that
we are refusing to live the way the rest of the world tells us, starting
now! We won’t buy anything (including a
car shocker shocker!!) unless we have the money for it. Thanks for joining us!
Labels:
Debt,
Financial Peace University,
journey
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