When I retired, I knew my income would be cut in half, and at that time, I had a car payment and about $18,000 in credit card debt...and that was besides normal living expenses like rent and food. Needless to say, it was REALLY hard for a while. I was constantly worried about how I was going to pay my bills. I ended up getting rid of the car and then working hard for the next several years to pay off the credit card debt. THAT was one of the best things I ever did for myself. I still make very little money and I live a very modest lifestyle, but I am no longer stressed about finances and for the first time in my life, I have been able to put a little extra aside for emergencies. Friends, let me tell you, it is so much more peaceful to live with little than to have a lot of expensive things but be in over your head in debt! God only promised to provide our needs...NOT our greed!
"The highest probability you have of building wealth is to be debt-free." ~Dave Ramsey~
"Not that I speak in regard to need, for I have learned in whatever state I am, to be content" (Philippians 4:11)
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