My Dad left me a long-term inheritance by teaching me how to save, how to give and how to use money. He taught me to call into existence things that are not (Romans 4:17).
Here’s A Little Debt Free Song We Used To Sing:
“We’re out of debt
Our needs are met
Got plenty more
To put up in store.”
Celebrate The Victory During The Journey
We weren’t out of debt yet, but my Dad celebrated for the entire journey. He did this because he saw movement and he did that by printing out the debt and hanging it on the wall. Then instead of paying minimum payment, he paid extra every month. And as he did, he was able to knock off payments at the end. So on one end, he was paying extra, on the other end, the payoff time was shortening.
You didn’t get into debt overnight; you won’t see the result overnight. You can do what my Dad was doing and see movement with each small additional amount you pay. My Dad used this method with our house payment, and he printed out an amortization. When he applied the extra payments, he notified the bank to apply the extra money to the principle and not just the next month’s payment and interest.
You can do a similar thing with credit cards by calculating the payments either in an online calculator or in a spreadsheet and you can prove to yourself that if you stay the path, the debt will drop lower each month and you will get somewhere. It is never hopeless.
Adopted. Chosen. Blessed. (That’s YOU!)
You are a blessed child of God, adopted into his family. No matter what your mess looks like he loves you dearly. Your mess is not your identity. Who you are is what God says, and he says you are chosen and treasured. Keep pressing on down this path to debt freedom. God does not play favorites, what he does for one, he will do for you. I call you blessed! Amen.
If you would like to study further on this topic, this blog discusses insights on pages 53-55 of my book “Solving Your Money Problems.” #SYMP
Pick up your copy at SolvingYourMoneyProblems.com.