When my husband and I sat down to discuss our finances 6 months ago, we were so close to getting ourselves wrapped up in a new mortgage and even more in debt. We had a pile of debt, disguised in the form of what Americans would say is normal. My husband and I had both accumulated student loan debt and we had recently just purchased a new car. I know what you are thinking, student loan debt and car payments aren’t really, truly, debt to be concerned about. Yea, that’s what we thought too.
Someone in a Facebook group of mine was talking about Dave Ramsey. I had heard about him hundreds of time before but this time, something struck home.
My husband and I wrote out each of our current bills and total due to each, including car debt and our student loan debt. Thankfully, we never had credit card debt. The number was astounding. Here we were, getting ready to purchase a house and we had over $50,000 worth of debt to our name. And when I say about to purchase a house, I mean we had signed the offer and sent it in over to the seller’s agent. The sellers made a counter-offer and we had it in our hands about to sign and something told us to wait. We let the offer expire and the whole deal fell through…thank the Lord! Turns out we don’t even want to live in that state we were about to buy a house in. Continue Reading >> Page 2