Debt

In April my husband and I decided to get out of debt. Really get out of debt including the house payment.

We decided to take Dave Ramsey's approach with the debt snowball and it is working and we are very excited.

My husband is facilitating the FPU class at our church and we have been attending for 4 weeks now. It is a 14 week course. There are about 35 people in our class so far, with a few joining late.

So far, since April, we have paid off twenty-two thousand dollars in debt.
It hasn't been easy and at first it really was no fun.

But we had to do it the way we did to change our habits. We used to think nothing of going out and spending 80 dollars on dinner then spending another 200-300 hundred on stuff.

We quit our free spending, didn't go out to eat, and starting thinking about where our money was going and what we were doing with our money.

Along with not spending my husband has been working overtime.

We have paid off two credit cards, purchased a new refrigerator, had an expensive vet bill and paid off my car!!

This month we have finally started a full budget. Every dollar has a name to it and we have a restaurant budget!!

It's a good feeling to know we are digging out of the mess we made.

Here are some interesting things about debt:
*Our grandparents didn't have debt or credit cards
*our parents may have have a credit card
*our generation has multi debt and credit cards
*the first credit card was Diners Club and it was started in NY City in 1950
(my dad had a diners club credit card!!)
*Bankamericard and American Express were created in 1958
*Visa came on the scene in 1976!!! (this was my first Credit card!)
*Discover card started in 1986 and was owned by Sears until they sold it.

We live above our means in this country and people wonder why they don't have money!!

We are well on our way of getting totally out of debt now and we are extremely happy about it!!

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Proverbs 22:7 (Contemporary English Version)
Contemporary English Version (CEV)

The poor are ruled by the rich,
and those who borrow
are slaves of moneylenders.