Debt Is Not Your Friend

Here are suggestions for overcoming debt from Sunday's message:

• Make a commitment…in writing to yourself, your family (if you have one), and to God that you will begin today to climb out of your financial hole.
• Find a plan that works for you and stick to it. We are offering Financial Peace University as a great way. You need a plan.
• Spending money can become an addiction…a way to medicate pain. Seek help with your pain.
• Give up your credit cards if you are not paying them off at the end of the month or not aggressively paying them down.
• Identify your addictions and put that money toward debt reduction – Starbucks, Diet Coke…the big money for debt reduction is in the little money.
• Record every penny in a spending log. See the truth, evaluate it. Develop a strategy. Most money problems come from troubles with the “miscellaneous” budget category.
• Commit to a 30 day extra purchase wait list. Impulse purchases are a huge contributor to debt.
• Do for yourself what you are currently paying someone else to do such as yard, house cleaning, storage building rentals.
• Determine the difference between needs and wants.
• Take full responsibility for your own financial future.