Year End Reflection

With less than a week left in this year I thought it would be good time to give an update on how my wife and I are doing with our quest to get out of debt and improve our financial situation. We’ve worked very hard this year on our “Debt Snowball” and have been using Dave Ramsey’s methods to improve our financial health. We got married a little over a year ago and knew it’d be long road to get rid of our mountains of credit card and student loan debts, but we’re making a lot of progress and should be debt free by the end of next year if all goes according to plan.

This year we’ve managed to pay off about $25,000 in debt, including 2 credit cards, a car loan, 1 student loan and a part of another. The only thing left to pay off is the rest of that other student loan. We also bought our first house together this year. I know what you’re thinking, why’d they buy a house when they still have debt, but we decided to take advantage of great housing prices in our area and buy a house we can actually afford. We couldn’t stand living in my mother’s basement any longer!

We’ve worked very hard and sacrificed quite a bit to be able to pay that much off.  The Lord has blessed us tremendously, and I’m convinced that many of those blessings have come because we’ve been faithful in our tithing.

If you you’re thinking about getting on the track to financial freedom, now is the time to start. It may seem like a  huge mountain to climb, but take it from me, you can get there. It may take a long while, and you may have to do some serious sacrificing, but it can be done and you’ll feel so much better when you’re done. I’m not even done yet, but the progress we’ve made has me energized and ready to be debt free.