About 6 weeks ago, I posted about our family’s debt free journey. We are followers of Dave Ramsey’s Total Money Makeover program and we’ve been diligent and disciplined in our spending but there have been some challenges along the way!
2 weeks ago, we faced another challenge and this time it was my fault! You see, I run my own direct sales jewelry business and I have a Rewards Credit Card used specifically. I’m pretty good about charging business related purchases and immediately paying the balance off. Notice I said “pretty good”, I’m definitely not perfect and over the course of a year or so, the balance grew and grew…and grew. I was even justifying having a balance on the card by telling myself that the interest accrued was a tax write off for my business. Silly, silly, silly! But hello, we are on a journey to be debt FREE and we believe that any interest is BAD interest! I don’t know what I was thinking!! Maybe that business debt & personal debt were separate? NOT TRUE! Who knows what was going on in my head, haha.
I do know that we believe debt is ugly. The feelings of entitlement (I deserve it now even if I can’t pay cash for it) and helplessness (I don’t know how I’m going to pay all of these bills) that debt can create within us are ugly. But…
Have you ever noticed that God can take something ugly and turn it into something good?
Instead of continuing to make excuses, I’m owning up, I’m taking responsibility for my actions, and I’ve learned my lesson!! Because of me, we have added months to our debt free journey!! THIS WILL NOT HAPPEN AGAIN! I’m more motivated than ever to keep us on track and eradicate our debt. We are changing the Bronson family tree!
So having said that, here’s where we stand: