WE'RE DEBT FREEEEEEEE! - more of the Jones' Family Story

On Friday, June 15, 2007, my family and I finally became completely debt free! It's a powerful feeling of release to be out from under the thumb of the banks that you owe money to!

Getting to this point, though, has taken some sacrifice, especially in our culture of buy now, pay later. First we sold our house. We had to be on a strict budget and monitor our cash flow on a regular basis. Part of the debt we wracked up was due to starting and launching my business, so I had to put the business on hold and place it on a slower growth track, while I back tracked to clean up our mess!

Now moving forward from this point, we have more available cash flow to sink into the business to make it more profitable, plus we have more cash flow to work on Baby Step 3 - large emergency fund of 3-6 months of expenses.

You know, being debt free really is a spiritual issue. Here are the ways I believe becoming debt free is relevant to our spiritual walk:

1. It shows the Lord we are good stewards of what He has given us.


2. It helps us grow in our reliance and faith in Him to provide for our needs.


3. It breaks the god of materialism in our lives.


4. It frees up more available cash flow to give to your church, the poor, and to those in need.


5. It makes us wise, according to the book of Proverbs.


6. It teaches us patience and self control (fruits of the Spirit).


7. It teaches us to be on the same page with our spouses on family finances.


8. It places us in a better place mentally and physically because we are no longer stressed out about having enough money to pay the bills!

I'm sure I could list even more, but you get the idea. Being debt free is awesome. As Dave always says, just get gazelle intense about it and create a plan to win with your finances.
For more information on Dave Ramsey and becoming debt free, visit DaveRamsey.com.