Money Management Tip: Squash Your Debt!

Let’s face it. Debt leads to a lot of unnecessary stress. Adding up all your debts (your home mortgage loan, car loan, store cards, loans, and a few credit card repayments) can leave you with that sinking feeling. 

“Owe nothing to anyone—except love.” (Romans 13:8)

When debt levels rise, it seems to eat up your cash flow. Spare cash seems to vanish, making it increasingly difficult to make ends meet, let alone break the debt cycle. When you’re in debt, it can feel like there is no way out.

But today, you can break the debt cycle. With a little planning and a bit of work, you can turn your financial affairs around.

I want to encourage you to form a good habit of squashing your debt. 

A habit is something that, if practiced and regularly repeated, becomes a way of life.

Good habits usually lead to success, while bad habits lead to destruction. Today, choose to get out of the debt trap.

“The rich rule over the poor, and the borrower is slave to the lender.” (Proverbs 22:7)

Don’t be a slave to debt. Don’t put yourself in bondage to debt.

Do your best to limit your exposure to debt and to squash it.