Can I get a Hellz Yeah!!!
Today is MONUMENTAL in the life of A Belle and her Beau. As of 8:39 a.m. we are officially 100% out of credit card debt!!!! Hallelujah ... I want to shout from the roof-tops! In all honesty it only took us a couple of months to pay off our credit cards once we really became serious about doing so. But it wasn't easy and it wasn't always fun. Saving money and/or paying off debt is much like dieting, at first it completely blows and you are miserable but after a couple of weeks you begin to get used to it and it becomes second-nature, so to speak. For the first month it definitely sucked to write down every single solitary penny I spent (even if it was just 97 cents on a coke) when I was so used to just running a debit card and trashing the receipt. But when the Beau and I totally grasped the concept of Every Penny, On Paper, On Purpose our spending habits have completely changed.
We are not in the clear yet though. We still have student loans and the Beau's car is not paid off. Before I began Financial Peace University I had the mind-set that student loan debt was "not bad debt" and that everyone had a car payment. Well, if I would have just used a little bit of common sense I would have realized that all debt (minus your home) is bad debt and if you owe $20k on a car, in fact you are in $20k in debt. With lots of prayer to be strong and faithful in paying down our debt we hope to have my student loan paid off by the end of this year and the Beau's loan and car paid in the following 2 years. Again, that will come with lots and lots of prayer.
Proverbs 22:7 says,
"The rich rules over the poor, and the borrower is servant to the lender."
The bible gives us over 800 scriptures on how God intends us to handle our money ... you can find them here.