Wednesday, June 19, 2013

Where I Don't Want to Be

Thinking back on growing up and what I saw as "normal" around me and even looking at the current situation of some, I see where I don't want to be.  I'm not talking about location - I'm talking about lifestyle.  A lifestyle of debt.  It is one of the saddest things I've ever seen in my life as it holds its captors in chains, seemingly never able to be delivered.

The lifestyle where even though you are not rich, you can live like you are with credit.  A home is possible thanks to credit.  Vacations are possible thanks to credit.  New cars every few years are common because of credit.  However, because of credit, which ultimately leads to debt, you end up having to put needed clothing and shoes on yet more credit.  When the bad times come, frugality also comes with it, but it is short-lived and once times improve it is back to spending money you don't have.

Yet, when hard times come, no one wants to be reminded of how they didn't save, or plan, in the good times - they want handouts to help in their time of "need."

This is the lifestyle so many live in and one that tries to snatch ahold of me as I try to leave its clutches.  We were able to fully escape debt several years ago and we only have medical bills now due to my recent pregnancy.   We aren't planning on getting a loan on a home because we don't want to fall into the same trap of debt that we have seen others in who still owe it after almost 50 years.  It has been the noose around many people's neck that binds them for life - all for the sake of "owning" a home, of which they don't even own yet and may not own in their lifetime.

However, I'm finding that we are not saving as much as we should in the times of plenty and we have gotten too comfortable in the good times.  What I see in this debt lifestyle isn't where I want to be financially. I want to prepare, have a storehouse of sorts for times of trouble and follow the principles of the Bible using wisdom in our finances and even helping those that are truly in need.  This is something I constantly have to bring myself back to or I will get carried away during the good times.  Stop and take account of your life and live debt-free!!  You can still be rich living debt-free - in all reality, you ARE rich when you don't have others' money but your own.

Don't owe others money (debt) but rather owe others LOVE!  Isn't that the just of the scripture:

Romans 13:8

Owe no man any thing, but to love one another: for he that loveth another hath fulfilled the law.

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Tricia said...

Hi Bev,
AMEN to this post!!! My little brother (he's 32 :) just sold his house and purchased a mobile home so he and his family could live debt free! I admire him SO much for doing this and would LOVE to be out from under a mortgage. His new home is just as cute as can be and I love the floor plan! Have a blessed day!


Christian Homekeeper said...

That is so awesome Tricia!! :) We rent a mobile currently and have even thought of buying one and paying it off in a few years and then pocketing the money but they are too expensive to purchase and pay lot rent here in WA.

tealady said...

We also own a mobile home, 2 years ago,but we paid cash for it.So the only real bills are lot rent and utilities.This the way to live for us,my hubby is 58 and retirement is just around the corner.We both had agreed to save and save so that when he retire's we would be debt free.What a good feeling.

Christian Homekeeper said...

I commend you tealady!!! Shared your story with my hubby and we both say the same thing - good for you guys! :) That would be my ideal situation. We can buy the mobile home we live in for about $40,000, but that just seems too much to me for it because it is from 1997. We also would have to pay about $400 lot rent. However, we have been living in it for 6 years now, so we could have had it paid off by now LOL. At least renting it comes with free maintenance and it does have a lot of problems, one being it is coming apart in the middle, all the way down the trailer there is a large crack in the ceiling and bottom floor and in my son's bedroom it is completely apart in his closet. Not sure if that is normal for a trailer, but I've been meaning to research it but haven't done that yet.


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