It occurred to me that I didn't go into complete detail on why we want to get out of debt in my post, Debt Free by May 2018. I shared our process of going through our budget and finding areas that we could decrease spending and increase debt repayment but I didn't really give the why. My husband and I owe just over $45,000 worth of debt. Our debt is comprised of mainly student loans and a loan from our recent time share purchase. We have been making additional payments to each of our of student loans for the last 2 years but finally decided earlier this month that we would make a plan and aggressively attack our debts. Based on the debt avalanche method which I talked about in this post, we should be out of debt in 35 months, that's just under 3 years. Today I'll share why we decided to become debt free and why now?

Next would be our belief that we should owe no man anything but love and at this time we owe quite a few people. Again another belief that's rooted in scripture, see Romans 13:8. Debt carries a certain weight to it. I know that when I owe someone, that what I receive in the form of income is not completely mine. I have to pay each of my creditors what is due to them prior to paying myself. I love this scripture because it really supports that fact that we shouldn't take on debt. Meaning if you can't afford it then maybe you shouldn't go into debt for it. I wish I would have caught on to this principle much earlier but I get it now. I should only have to owe people love not money.

I felt this was important to share since I will be providing you with updates on our journey to becoming debt free. I plan to share the good, the bad and the ugly but you have to know why we are doing this. Now what you know our top reasons we encourage you to support us and cheer us on. We're in this for the long haul and for those of you who are visual like me it's a recap our of top reasons in list form.
Our Top Reasons for Becoming Debt Free Now
- We want to be Lenders and Givers
- We don't want to owe any man anything but Love
- We want to be able to save for our children
- We want to be able to save for a house
- We want to be able to save for emergencies
- We want to be able to save for important personal projects
I'd like to hear from you, if you have committed to becoming debt free then what's your why? If you haven't then what's stopping you? Leave me a comment down below and as always thanks for reading!
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