No Excuses! How to Continue Giving and Get Out of Debt Faster

Last week I offered a challenge to continue giving while you're trying to get out of debt. Today I want to talk about how this doesn't mean that you need to automatically resign yourself to a longer journey out of debt. I guess it might be possible to have your cake and eat it, too. I've been reading the book Decisions: How to Make Better Choices in Life and Work, so I'd like to use a one … [Read more...]

4 Reasons to Give While Paying Off Debt

As I was responding to a reader question on a previous blog post, I realized that the response would probably be beneficial to highlight for all of us, not just to bury it in a comment on an older post. I'll catch you up on the dialogue. A reader was asking about my thoughts on having a mortgage.  She lived very frugally and sacrificed in order to pay off her mortgage early.  Now she said … [Read more...]

Thinking Outside of the Debt Box | Searching for Positive Uses for Debt! Yes, Positive

Historically, I've taken a negative stance towards debt. For that, I do not apologize. I'm very conservative by nature.  My own debt allergies started young.  The negative math consequences of debt never made any sense to me.  Debt does not seem like a good financial plan. Back a dozen or so years ago when my wife and I bought our first car, I went out and borrowed money for the car.  We … [Read more...]

Pay Off Debt Without Earning More, Changing Your Habits, or Spending Less

I hope you opened this article simply because you decided that I've had some type of mental breakdown.  The truth is you can't pay off debt using the method in the title. I was driving around in my car the other day and there was an advertisement for a weight loss pill or drink mix.  The ad promised that you could lose weight without exercising and without eating less. WHAT?! There should … [Read more...]

Be Aware! Don’t Be Deceived By Calling Your Debt Good

It's time for us to move past the archaic debt designations of good debt and bad debt. Instead, we ought to re-evaluate our debt situations to see if we can find a new paradigm for how we can evaluate the blessedness or burden level of our debt. The most important thing that must happen is we must recognize that debt brings some sort of negative pain or consequences.  It doesn't matter how … [Read more...]

Shiny Cars, Manicured Lawns, and Broken Hearts – Is this the American Dream?

Only a fool would think it's a beautiful picture. For three weeks during the month of June, my family was in Houston visiting the church that provided the oversight for our work in Alotau, Papua New Guinea.  We spent a lot of time in peoples' homes and enjoyed the blessings of Christian fellowship.  The result was that we ended up driving through a lot of different neighborhoods north of … [Read more...]

The Simplicity and Complexity of Debt

Debt. It's a huge issue facing North American Christians and churches.  It is debt that is choking.  Straining.  And burdening so many people. Debt is consuming resources like money, time, mental energy, and focus.  Those resources ought to be devoted to other more important things.  But they can't because future funds have already been committed to pay for things people couldn't afford … [Read more...]

How To Get Out Of Debt: Channel Your Impulse Buying

One of the most effective methods that we decided upon when figuring out how to get out of debt, was to channel our impulse spending. This has helped us to both get out of debt faster and to develop discipline with our finances. How to Get Out of Debt by Evaluating Expenses In talking with people about their finances, I've found that one of the problems that many people face when trying to … [Read more...]

DIY Rewards Cards: Pay Yourself Back Without Going Into Debt | Guest Post

Today I’m publishing a guest post by Jason Jacobs. Jason Jacobs is a missionary in a web programmer's body. In addition to working on financial fitness, he also spends a lot of time writing about his journey towards physical fitness. You can follow his progress at Finding My Fitness. Many of us are probably trying to get out of credit card debt quickly. We’ve also seen the ads telling us the … [Read more...]

What Romans 13:8 Teaches About Financial Debt

Let no debt remain outstanding, except the continuing debt to love one another, for he who loves his fellowman has fulfilled the law. (Romans 13:8 NIV) This week someone very kindly, politely, and respectfully challenged me to rethink my position on debt and credit cards.  Her belief is that when one uses a credit card (even if it is paid off every month), she is in debt.  Romans 13:8 was one of … [Read more...]