Over a year ago my wife and I watched a demonstration of the Rainbow Vacuum cleaner in our home. Impressed by its filter-less system and wowed by the power it seemed to have, we wanted one– but had no money to purchase one.
Never the ones to pass up a sale, they had multiple plans for us:
- Buy it outright
- 90 days same as cash
- “One of our great financing plans”
- Become a Demonstrator yourself
It was the last of these options that appealed to us. We didn’t want any more debt and those things are expensive. However, we were already looking for something that my wife could possibly do in her spare time as a chance to get away and help the family bottom line, and since it could be done at her leisure after earning the vacuum cleaner we signed up.
One of the things that she went on to learn is something for us to consider now. The story of how long it took to get our money will be a story for later. 🙂
The big thing that she learned, and we’ve seen many times before, is that if you don’t make the sale that night they won’t call back. It’s actually been proven scientifically that we can be impacted by something new and get a high from it such that we may make unwise decisions about purchases simply because it is new (and then get buyer’s remorse later).
The whole point of getting debt free isn’t so much about the money of it– though it certainly a part– as much as it is getting into a lifestyle of paying for things instead of borrowing against the future. The former (though it takes time) means that you actually own the thing. The latter is laced with danger– as you do not know the future or if you will always have the income that you have now.
People will try many ways to justify debt. “I can’t get X with cash.” “I get cash back or money off of X that I don’t get with cash.” “I get a special card that I can hang on my key ring!”
However, logic says that credit card companies wouldn’t be giving out cards if everyone was only paying minimum (granted that there is some money paid them on the transaction, but I believe a large percentage comes from interest payments). Otherwise they’d just offer all 0% cards and make money on the transactions! They figure that something will come up and that we’ll get in the habit of using credit. All it takes is one big purchase, not having the money on hand, and then our mind will say “Well, I’ll take the $30 hit this time– it’s worth it to have this brand new thingy.”
This is why it’s so important to change the way we think about debt– to run from it and not give it a place in our wallets. So we rely on God and the money we have.