The Ten Commandments To Financial HealingChikamu

Commandment #5 - Be The Lender And Not A Borrower

Often we believe God for certain areas in our lives, but fail to believe God for the possibility to live debt free. But I challenge you to change your mindset, start thinking new and believe you will obtain God’s goodness as it relates to your debt.

Previously, I questioned whether I would be able to live a debt free lifestyle. I always had credit cards and wholeheartedly believed since I made my monthly payments, I was okay. However, God began to challenge me to be credit card debt free.

This was new to me, I had always depended on my credit cards. I felt if I ever had an emergency, I would have my many credit cards to fall back on. But God was inspiring me to do something brand new – He said trust Him with all my heart and lean not to my understanding, refer to Proverbs 3:5-6. So I did. Reluctantly at first, I began to wean myself off my credit cards and more importantly I decided to pay each and every card off.

HOW I DID IT
I first had my “come to Jesus moment” and wrote every credit card debt and small loan balance on the Debt Reduction Template I created. From there, I divided each balance by twelve (12) to determine the amount I would need to pay monthly in order to bring the balances to zero.

Next, I had to get creative. I thought of clever ways where I would be able to earn money. This included money earned from self-employment, hobbies, and other sources of income. For each month, I created expected additional streams of income that I fully committed to reduce my debt.

KEEP GOING
In addition, I kept my plan with me during the entire process. This served as a reminder to help me stay on course. Therefore when I was tempted to purchase a “want,” I was reminded that a few months ahead I would have a zero credit card balance. Now, I believe it is possible to be totally debt free!