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Perhaps the most difficult thing about ditching debt is keeping up the discipline to work it away.  Even before my new income is a reality, we have been tempted to plan other uses for it.  We’ve been running low on gas money–it could ease that budget strain.  Christmas is coming up–maybe we should save it back for that.  It sure has been hard to stay on the grocery budget too, and what about an emergency fund?  Shouldn’t we do that too? 

While these things are reasonable, it sure could get out of hand quickly.  Before you know it, we will be saying, “Now that we’ve paid off that credit card, we can put a little more into the budget for——” .  And then, the ultimate goal of debt-free living is delayed indefinitely. 

I’ve seen it in others too. “When we pay off all our credit card debt, we’ll finally be able to afford the new car loan.”  I suppose that works, but if you really want financial freedom, save that car loan payment for two years and see what a difference you could make!  You might even be able to pay cash for the car.  If not, you’ll definitely have to borrow less and save yourself a ton on interest. 

Give him a foothold and Debt will eat away at whatever you own.  As Albert Einstein said, “The most powerful force in the universe is compound interest.”  (And there’s someone who knows about universal forces.)  You want compound interest working on your side.  But I digress.

Today, I am summoning the strength and discipline to keep Debt in the crosshairs, so to speak.

I want to give a shout-out to my friend in Shreveport who, along with her husband, diligently worked to pay off one more consumer debt.  Congratulations!  As she said, the most difficult thing is then to roll that payment over to another payment.  You can do it!

And to my friend who has her home on the market.  They are getting ready to downsize so they, too, can kick Debt to the curb.  It doesn’t always take such drastic measures, but a small sacrifice in space can get you on top of the hill so much faster.  May your home sell for more than it’s worth! 

Way to go, guys!  Personal responsibility at it’s finest.  I’m proud of you.

Keep the faith,

Lady

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