We are getting there!! Just a little under three months to learn how much debt all of you were able to eliminate during 2011. I am just amazed at the number I see – you are all doing so great! If you are new to the challenge, or if you want to read up on some past articles, you can find ALL of the Debt Free / Savings Challenge articles easily by heading here or by clicking the image in the side bar (same as the one at the top of this post). I really am passionate about living a debt free lifestyle and NOT depending upon the money of others (credit cards or otherwise) to help me live the life I want to live.
Sometimes it can get so boring and tough to apply every extra cent towards debt. You might be getting down on yourself. You may long for that special dinner out instead of paying that extra $50 on the debt. I’ve been there. I understand that longing for a nice dinner out. I’ve been in your shoes. I know how tough it can be.
When my husband and I got discourage and felt like we “used our money for nothing but debt,” we’d actually just take a few extra dollars and go out to dinner. Of course – we paid CASH and never once pulled out our credit cards. We called it a reward for what we had done thus far. We KNEW we were working so hard to pay off these debts, but we were getting discouraged. Once we allowed ourselves to use a little bit of money for something fun, it was almost liberating like we were really were in control.
During those moments we felt our most inspired to get out of debt. It might sound strange, but it was as if we could see what life was going to be like. Knowing that when we were financially free from debt and in control of our money, we could go out to dinner – guilt free. We knew we could save for that trip we wanted to go on. Just KNOWING that we were getting there helped kick our debt reduction plan into an even higher gear.
So, if you are like us, just do it! Just go and enjoy yourself once in a while. Once you do, you just might be like us and more determined than ever to eliminate that debt!
If you wish to participate, head on over to our debt free sheet — but please make sure that you only include what you have paid off already and not what you plan on paying off instead. I truly can’t wait to see our end of year tally to learn what you all worked so very hard to do this year.
(I am not a financial advisor and the information listed within these Debt Challenge posts is not to be construed a financial advice. This is knowledge we gained through our own personal experiences and information as outlined in Dave Ramsey’s Financial Makeover — and is being shared as such. Participants are not required to follow any steps listed if they do not wish to do so. Financial concerns/issues should be addressed with a professional in order to receive advice and assistance.)