“The rich rules over the poor, and the borrower is the slave of the lender” Proverbs 22:7
If you’re like me you’ve been more of a spender than a saver. More of a credit card guru (because I need it NOW)! Pay check to pay check ring a bell? My friends laugh at me and my co-workers mock me because I have become a financial guru (in the positive sense). Oh don’t feel sorry for me, I enjoy the beatings. Since I’m fairly good with numbers I thought I had everything under control, but the fact that I had to use my credit cards should have given me a clue that I didn’t have a clue. I’m just your average American who needs it now! Or at least I used to. We spent our way right into bankruptcy. Really? Um, well yeah. Getting on a real budget is one of the greatest things my wife and I have done together. I’m not talking about some simple, easy to follow budget like subtracting what comes in by what goes out. That’s not a budget sir! I’m talking about what Dave Ramsey teaches, telling your money where to go, and giving every dollar a name!
The scary part
The scariest thing you can do with your finances is have that reality check to see where you really are financially. As we sat down to have our reality check we just knew we were in deep trouble. But to our amazement, we had a few dollars left over. I really wanted to keep a bill or two out of the budget, they weren’t that big anyway, right? Well, no! Everything must be built into your budget. Every bill and every dollar. This is the time to get real so you can really get ahead and ahold of yourself. So you can stop borrowing money. So you are no longer a “slave to the lender.” So you can save for a rainy day. I mean, our money is being taken from us every month! And we have allowed them to take it! What is wrong with us! Ok, back it down a bit! So sitting down wasn’t that scary after all, it was just the initial unknown that was unsettling.
Once we laid our bills out, and our debt from the smallest to the largest, we were ready to begin our debt snowball. We were on the same page and so tired of spending money we didn’t have, but didn’t know how to get out the cycle. For the most part you have to be sick of living the way you’ve been living. You have to be willing to do whatever it takes to get out. Just like any other sinful behavior, you have to be through with it! Tired of being controlled by it! Once you get moving and see a little progress, you can be sure you will get fired up about kicking the debt good-bye! So start your budget today! If you started a budget but have slipped back into “old behaviors,” get back on track and control of your money.
Author: Erick Hurt
From a slave to sin–to freedom in Christ (Galatians 5:1). From an abusive husband verbally and physically–to loving my wife as Christ loved the church (Ephesians 5:25). Now an Elder at Family Bible Church, I speak, teach, and preach with the same passion I once had for sin. I work as a volunteer for Setting Captives Free ministry as a mentor and mentor coordinator helping people become freed from the grip of sin. Visit www.settingcaptivesfree.com.