Debt. AKA- Spending tomorrow’s dollar today. It’s what has our country under it’s spell. It’s an enabler—enabling you to believe that you can have today what you want, because you’ll always have the job you have now—or will you?
And the funny thing is, now that the economy is doing poorly, the government is trying to stimulate you to go out and buy more things and get into further debt, rather than wanting you to reduce debt.
Fortunately, the American people are too smart for this, and many are taking this opportunity to settle their debt, and are going to great lengths to make it right through many different means of debt reduction—both doing it on their own, taking courses, or getting credit counselors.
How about you? Are you more aware of your debt now than you were before, and are you taking steps to make sure that you have an emergency fund just incase you need one?
We started our journey toward debt freedom close to three years ago now, and we’re not going back. From a house roof that we put on credit cards to pieces of two auto loans and a Christmas, we quickly learned that it’s much better for our sanity/peace and for our bottom line to not be in debt.
But that plan also meant that we had to have an emergency fund, because going into debt is the last thing you want to do in an emergency.
So get help, get out, and stay out. You don’t know what the future holds, and the borrower is truly slave to the lender.