Get Out Of Debt
Yesterday I listened to an address that talked about the addiction of debt and how we constantly are tempted to get things we can’t afford by offering to let us pay for them over time. Given the shakey economic climate that we are dealing with, (and this even applies in good economic times) debt should be a tool that is used sparingly because one shouldn’t be going into debt over every little want at the expense of squeezing things so tight it edges out their needs.
It is interesting to me that me and my wife had already decided to erradicate our debt before listening to this address and that it comes more as a confirmation that our plan has solid backing. We’re going to pay off our cars, pay off our credit cards, pay off any outstanding debts so that the only thing we have to pay on, on a consistent basis at least, is a mortgage. We need to be building a surplus instead of running close to a defecit. Having a surplus of resources can never be a bad thing (when properly managed) Running a defecit… well, that’s how homelessness happens.
