Baby Steps

Welcome! Today's post is about taking baby steps out of debt and into financial freedom. Getting out of debt will not happen over night but hopefully this post will at least give you a head start in the right direction. Be encouraged and stay tuned...


Imagine a proud father as he watches his one of his children, who has never walked on their own before, make an attempt to take their first steps. Although there is a little hesitation because the ambitious child is in an awkward and uncomfortable position, he takes courage and begins to put one foot forward. "There you go!" the father says but immediately the little boy stops, wobbles a little, regains his balance and looks up at his dad with a huge grin and continues on to take another step.


In the same way, many of us are in an uncomfortable position in our finances commonly known as debt - An undisclosed amount of money owed to a person or organization for funds borrowed. However, just as any parent longs to see their child take its first steps, our heavenly Father is eager to see His children take their first steps out of debt and into financial freedom so that we may give freely and cheerfully towards what His heart desires prior to what our own.

So what is the first step to getting out of debt? Knowledge. Knowledge is the fact or condition of being aware of something so the 1st step to wealth is to get an overall condition of your finances.
Hosea 4:6 God says "my people perish because of lack of knowledge". It is important to know where your money is going precisely before you can obtain debt freedom and move into storing up for your childrens children (Prov 13:22). So listed are the intial steps on the road to debt freedom.

1. Write down your monthly debts/ people or companies you owe.



2. Then write down your monthly living expenses. This would be more of the services you use such as water, electricity, cell phone etc.



3. Now write down your monthly giving such as tithes, offerings and charities/people you finacially support.
   
   

Sum it all up and notice the imbalance of how much you voluntarily and involuntarily give. Notice also the amount of debt compared to the amount of your living expense. For most people, their debt far outweighs their living expense.

Our economic system has tricked many into believing that not all debt is bad debt and that getting out of debt is just an American Dream that one can achieve if they become a millionaire. After last years economic downfall the American dream has become a nightmare.

To be continued....