Stephanie Newell
December 11 2008
Reasons to get out of Debt
What would you do if you didn’t have to live paycheck to paycheck? You wouldn’t have to worry all the time about having enough money to pay the bills. Imagine being able to wake up one morning and being out of debt.
If you think about it, if you only had the basic household bills to pay each month how much stress and worry you would not have. Think of your monthly bills, utilities, phones, cable, insurance and that was it. What would you do with all that extra money each month.
Car, house, and credit card payments are extra in some peoples minds. If you worked out a budget, and your family was willing to work on it together it is possible. In today’s society everyone thinks you need to have debt to get anything good. If you keep doing what your doing you will keep getting what your getting As Dave Ramsey says on his radio talk show ,“today people think debt is normal you don’t want to be normal”.
If you had a emergency fund in the bank then you would have money to cover bills if you lost your job. What would you do if you got sick for a long time and could not work. If your house or auto insurance didn’t cover all of the cost of an accident you would not have to either wait to get it fixed or use money for the basic bills and get behind on them.
Being able to save for the future is what most people want to do.
If you got all of the extra bills gone you would have money to save for retirement, or your kids college. You could take a vacation when you wanted to and not have to worry about how to pay for it. This savings could also be used to buy a house.
There are two things people say, one is anything is possible and the other one is if there is a will there is a way. If you want it bad enough there is a way. The hard part is writing out a plan, and taking the steps in order to get what you want. Take little steps at first , and you can achieve your goals to get financial freedom. What better reason to get out of debt is there then that.