Season of Sacrifice

Olivia and I love to have nice things. We enjoy traveling to exotic destinations.  We want to provide the best for our children.  We honestly don’t believe that we have to live broke, busted and disgusted lives. But when we were prompted to completely eliminate all of our financial obligations, including our mortgage, we quickly realized that we would not be able to live the high life and pay off our debt at the same time.

Often, sacrifices and cutbacks will be necessary for you to be able to work on eliminating your liabilities.  You may have to suspend your frequent leisurely travel.  Perhaps you will have to cut back on dining out, going to the movies, and doing things with friends and family on a whim.  These expenses add up quickly, especially if you don’t have a budget in place and aren’t actively tracking your spending.  If you want to live the life you imagine in the future, you’ll have to give some things up in the present.  Find small things to trim back your spending on at first, like your cell phone and satellite services.  Do you really need the plan with the most minutes or the premium suite of channels on dish?  From there, look for more significant ways to reduce your debt, such as evaluating your home and auto situations.  If you’re living in too much house or paying multiple car payments each month, you may have to do something drastic to eradicate your debt, like selling your home or one of your cars to pay down substantial amounts of debt.  How far you’re willing to take your sacrificing will be up to you, of course.  But the more you can give up for the sake of paying your bills off, the better off your family will be when your debt free journey is over.  Dave Ramsey is most noted for saying “if you will live like no one else now, later you can live like no one else.”  So when this journey of debt elimination gets too hard, just remember that it will NOT last forever! It’s only a temporary season of sacrifice!

5 Responses to “Season of Sacrifice”

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  1. This is so true. I have been getting out of debt since 2009 and plan to be debt free august 2013. It definitely takes sacrafice and patience. And it also takes remembering that life doesn’t stop because you are getting out of debt so you may have some stops, uturns, and roadblocks along the way…. but keep moving forward!

  2. A.M. Williams says:

    Great message Norman!

  3. Monika says:

    Very good advice. paying off debt often feels like something that works against good living. but in fact they are one and the same. Thanks A.M!

  4. Monika says:

    Great advice Norman!!!

  5. Suzan says:

    Great blog & very needed content~ you gotta get this out to the world…

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