Wednesday, February 20, 2008

Cancel Debt

I’ve been hearing a lot about the economy worldwide. As we progress through the primary election season it’s being talked about even more. I think it’s pretty scary.

Have you noticed that there are more foreclosures than probably ever in history? That’s frightening because it means that people—in huge numbers—are perhaps homeless. I don’t know about you but that’s something that I sure hope to avoid.

We’ve had our ups and downs financially, as I think most couples have if they are honest enough to admit it. At one time during our marriage we needed to get help with a Debt Managment Plan and though it wasn’t the most fun thing in the world to do, it was a necessary one.

I believe it’s so important to save money rather than earn more so that we can spend more, but there are many cases in which a wife needs to actively seek an income in addition to her husband's. I’ve been a frugal person all of my life and I married a man who isn’t quite so much that way. When we first married we were both at extreme opposite ends of the issue. After 21 years of marriage we’ve both sort of moved toward the middle. The hard part for me is to submit to my husband in the way of finances because he does have a tendency to overspend, especially when I send him to the store alone because he shops on impulse. BAD thing to do!

But back to the point of this post: the burden of debt that a great deal of people carry around is staggering these days and I do believe that it’s important to get help if you find yourself in a debt-overload situation that you can’t seem to dig your way out of. Don’t become one of the bankruptcy statistics—the Bible says we are responsible for our debts. Seek a Debt Managment Plan if you need to. Don’t buy what you don’t need. Seek out sales and coupons and spend on groceries and household expenses wisely. Work whatever jobs are suited to you and your family in order to pay off debt and meet your present living expenses. Most of all, pray about it.
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