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You are here: Home / 31 Days to Reducing Your Debt / Day 3: 31 Days to Reducing Your Debt

Day 3: 31 Days to Reducing Your Debt

Tips like these helped us pay off $127K in debt. You can read our story in Slaying the Debt Dragon: How One Family Conquered Their Money Monster and Found an Inspired Happily Ever After.

January 3, 2011 By Cherie Lowe

31 Days

Hi there.  I hope you’re enjoying following along as I share this month 31 different ways to begin your own debt slaying journey.  This week, I’m talking about some of the ways to change your thinking.  Next week, we’ll begin focusing on the nuts and bolts of budgeting, debt reduction, and financial choices.  Like I’ve said before, none of these tips are revolutionary but they’re the steps we’ve needed to take to get where we’re at in our own personal journey (over $75K paid off since April of 2008).

Day 3: Forgive Yourself

Ok so this sounds totally wishy-washy and semi-pathetic.  But there is a step in beginning your process of getting out from under debt that involves forgiveness.  I’m not talking about debt forgiveness in the financial sense but in the emotional sense.

Next week, we’ll begin the process of figuring out exactly how much it is that you owe.  No matter how large or small, more than likely it will produce a number you’re not comfortable with unless you’re already debt free.  It can be completely overwhelming to see an exact figure on paper.

I can remember when we first began to estimate what it was that we owed to whom, I was completely despondent and without hope.  How in the world did we end up in this mess?  Was there really any way out of this hole?  What were we going to do?  What would happen if a major life change – like the loss of a job, illness, or God forbid it a death were to occur?  How would we stay afloat?

Immediately following, feelings of guilt, remorse, and insecurity set in for me.  How could I have been so stupid?  I’m not unintelligent.  How could I have made such unwise choices with money?  Why was I so selfish in needing one more thing?

Don’t get me wrong, remorse is a good thing.  It makes us uncomfortable enough to effect change in our lives.  However, when guilt paralyzes you, it is unproductive.  So at some point, you have to shake it off and rub some dirt in it (or at least that’s what the coach and my dad always said), and move on to the next step.

It takes a two step process of admitting, yes I was wrong.  And then coming to the realization that this is where we’re at and if we’re to get out debt we need to change our behaviors now and get at it.  It is what it is.  Let’s take charge of it now.

So say you’re sorry to whomever (God, your spouse, yourself, your parents), embrace forgiveness, and move on to the next step in your life.  You’ll feel better and you’ll be better prepared, too.  But remember forgiveness isn’t just about apologizing and being forgiven, it’s also about changing who you are and what you do.

Related posts:

Debt Reduction CommunicationDay 21: 31 Days to Reducing Your Debt Debt Reduction CommunicationDay 15: 31 Days to Reducing Your Debt Debt Reduction CommunicationDay 14: 31 Days to Reducing Your Debt Debt Reduction CommunicationDay 7: 31 Days to Reducing Your Debt
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My book is now available: Slaying the Debt Dragon: How One Family Conquered Their Money Monster and Found an Inspired Happily Ever After. You can also check out The Debt Free Devotional: 30 Days of Encouragement From the Bible For Those Paying Off Debt on Kindle.

This post contains an affiliate link. That means when you get a great deal or maybe even something for free, you also help our family pay off our mortgage early. And for that, we royally thank you!
Day 2: 31 Days to Reducing Your Debt
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Trackbacks

  1. 31 Ways to Kick Debt in the Teeth: Pray - Queen of Free says:
    January 28, 2014 at 4:29 PM

    […] off debt is daunting. I’ve written about the ways I feel debt is spiritual and how essential asking for forgiveness was on our journey. But I’m not sure I’ve ever shared how we prayed. Sometimes we prayed together, but […]

  2. FREE Download: Water Walker by Ted Dekker - Queen of Free says:
    March 16, 2014 at 10:19 AM

    […] and story over and over again. In particular, our journey of paying off $127K+ in debt required forgiveness. It did not require debt forgiveness in the financial sense, but it did require that both Brian and […]

  3. How to Pray When You're Battling to Pay Off Debt - For Every Mom says:
    January 11, 2015 at 10:06 PM

    […] off debt is daunting. I’ve written about the ways I feel debt is spiritual and how essential asking for forgiveness was on our journey. But I’m not sure I’ve ever shared how we prayed. Sometimes we prayed together, but usually we […]

  4. How to Start Paying Off Debt | How to Become Debt-Free says:
    August 3, 2016 at 9:33 PM

    […] If you don’t identify the emotions behind your money problems, no plan or strategy will yield any amount of sustained success. My faith compels me to believe that debt is often spiritual and requires us to seek forgiveness. […]

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Cherie Lowe is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

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Testimonials

  • Margaret FeinbergMargaret FeinbergAuthor of Fight Back With Joy

    "Cherie Lowe is a gifted writer, researcher, and thinker who lives what she teaches. Her inspirational story reminds all of us that we don’t have to fall prey the debt dragon. Living debt free is possible if you follow Lowe’s sound and practical wisdom."

  • Ruth SoukupRuth SoukupLiving Well Spending Less

    "When it comes to saving money and paying off debt, Cherie not only talks the talk, but truly walks the walk! Sharing easy-to-implement ideas along with a dose of tough love, Cherie leads with the perfect combination of empathy and authority. If you are struggling to pay off debt, you won't find a better cheerleader."

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