Debt is not forever. Too many times, we hear “you’ll always have debt” or that carrying debt is an investment. Debt makes us think that it is impossible to live an amazing life without it. Debt makes us think that we must always have a car payment in order to have a drivable car. Debt makes us think that we can never finish our degree without massive student loans.
Debt is comfortable. For most of us, we have lived our entire adult lives carrying some form of debt around. Even before we can legally own debt, we have been sold on the idea that adult life must have debt. We are told that at eighteen years old we must apply for credit card after credit card in order to build up our credit, but then what? There are no personal finance courses required in college (or at least not at my alma mater), so where do you do you turn when the bill comes due? Maybe you had a parent that was willing to foot the bill – I did not and I thankful for that.
We hear car commercials advertising that “you are what you drive” to convince us that our well-loved, trusty-rusty is no longer an acceptable form of transportation and now must bear the burden of $30,000 or more in debt. Instead of getting rid of the Joneses, we keep them as neighbors and compare ourselves to them daily. We equate status with the type of car you drive, the size of your home, how large your wardrobe is, and if your children attend private school or not.
At twenty-one years old, I had sunk so far into financial trouble that I was near bankruptcy all because I believed the ugly lies marketers sell us on debt. Climbing my way out has not been an easy feat but debt is not forever. In my short timespan on this earth, my hubs and I have paid off just under $40,000 of debt and we still have more to go, but debt is not forever.
For us, debt-free looks like living the life we have always wanted. To live a life that is full of joy and little moments spent and shared with our family. To not feel the weight the burden of debt places on you. We want to live a life full of contentment and happiness and we will never get there if we play the “buy now, pay later” game. We want to be able to give from our time, talent, and treasures like never before. We want all that life has to offer without the price tag.
This is our why, our little boys. Little boys that will one day become men, husbands and fathers. We need them to know that a life free from debt is not only possible, but is one of the most rewarding ways to live life.
What is your why? Why do you want to become debt-free or why have you chosen to stay debt-free? Join me and the other amazing bloggers in the #DebtIsNotForever campaign and share your “why” with the hashtag #DebtIsNotForever on your social media. Debt is not forever and together we can encourage others on this crazy and bumpy journey. You can find out more on the #DebtIsNotForever campaign here.
What is your “why” for becoming debt-free?
Are you ready to get your budget in control?
Want to build a budget that works for you? I'm giving away my best-selling workbook for free! Sign up to get started right away!