We’re Debt Free!

WE’RE DEBT FREEEEEE!!!  On Saturday, 40 months after beginning our Total Money Makeover, Travis and I officially completed our “debt snowball,” bringing our grand debt-payoff total to $47,873.92.  Included in that total were three student loans, two vehicles, two store credit cards, and three babies. :-)

As exciting as it is to be moving beyond the bondage of debt and into the blessings of preparing for the future (financially speaking), we recognize that our security must always be found in God alone and not in our finances.  We must keep an eternal perspective, knowing that even as we begin saving money for the future, we more importantly ought to be storing up for ourselves treasures in heaven (Matthew 6:19-21)… like Abel did on Saturday….

In order to allow our kids to share with us in the excitement of being debt free, we gave Abel and Amariah each $20 to spend as they would choose.  As I began asking Abel what he might consider spending his money on, he decidedly announced, almost through tears, that he would be using his money to buy something for a couple kids who he apparently thought needed a new toy more than he did.  Travis and I were so blessed to see his selfless and sensitive heart as he confidently and joyfully carried through with his decision.  We watched as he, with humility of mind, regarded others as more important than himself, looking out not merely for his own personal interests, but for the interests of others (see Philippians 2:3-4).

As we enter into our newfound debt-freedom, we seek to–like Abel–be faithful stewards of all that God has entrusted to us.  We are so thankful for God’s provision in our lives, and we give Him the glory as we scream, “WE’RE DEBT FREEEEEE!!!”

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4 Comments

  1. Linda says:

    That is quite an accomplishment! And something we should all do…especially in this current economy. The future is unsure…and it just makes sense to start saving…and that is so hard if you have a ton of bills.

  2. That is just wonderful! Congrats! We SO need to get on the ball and do the same thing. We started that and had the snow ball getting pretty big – then – well… When Anna died, our lives became a financial mess. Just sort of lost motivation to work at it, but here we are again, ready to roll!

  3. Amber says:

    I love Abel. How cool that children can be an example to their parents at times!

  4. Congrats Angela!! What a burden to have lifted! I’m so glad all your hard work paid off. We’re excited to be debt free soon, thanks for the extra motivation!