finances

Attacking Our Debt-Snowball

“You’ll always have a car payment,” was a comment I heard from someone a few weeks ago. I really thought about how sadly mistaken this lady was but that I thought this once too (prior to Dave Ramsey). I was amazed at how much my mindset had changed. Her comment was strange to me because we were about to finish paying off our 2002 Nissan Pathfinder. With all our credit cards paid off, we have attacked our next debt: my car. Living on the cash system only plan, and banking everything else, we were able to pay off $5,000 in the past few months.

Well the day has finally come and this morning we were able to pay it all off! My car payment is now gone. No more. Now, we have student loans and my husband’s car payment left and we will be debt free (all this totals around 25k or so). It’s hard to believe we no longer have a car payment. It feels so freeing. Jeremiah said he felt as if a huge burden had been released. I was so happy for him too because he’s been ready to attack this just as much as I have. Getting our finances straight has been a huge blessing to our marriage as well, in so many ways…

I don’t know where you’re at in your finances (there’s probably a reason why you’re reading a post on finances), but always think about where you could be and set goals to get there. Don’t allow anyone to discourage you (because there will always be those kind of people you know who say “You’ll always… blah blah blah).

I’d love to hear ways your mindset has changed in regards to finances. Are you hoping to not have a car payment one day? What things have others told you that you might have taken to heart, but knew that it wasn’t really true?

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