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Save Money & Slay Debt

You are here: Home / 31 Days to Reducing Your Debt / Day 26: 31 Days to Reducing Your Debt

Day 26: 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.

February 21, 2011 By Cherie Lowe

31 Days

It’s another day on our quest to get out of debt, Money Saving Lords and Ladies.  Everyday’s an adventure on this journey.  You might need to spend some time eliminating trolls and finding suitable traveling companions.  You definitely need to map out your journey and choose your weapons.  And you’ll need to show kindness intentionally to others, too.

Day 26: Practice Generosity

Probably one of my biggest hesitations of beginning our journey to becoming debt free was the limited amount we would have available to give to others.

But as I began to really think about it, giving when you have credit card debt is like charging that gift.  Follow?  If you have to use your credit card to pay other bills, groceries, or anything at all, then your gift isn’t really a gift.  It’s penalizing your ability to be truly generous, not to mention the fact that the guilt/anxiety that you gain from piling on debt does not really make giving a pleasant experience.

All of that being said, if you’re going to get out of debt, I believe practicing generosity is key to your success?

So what’s a Money Saving Lord or Lady to do?
Re-think generosity.  Being generous doesn’t always mean you give large amounts of money or money at all.
  • Gift Card Giver is an awesome organization that takes that leftover $0.87 you have on a random gift card.  1 in 4 Americans has unused gift card credit in their wallet or purse.  10% of Gift Cards are never used.  Donate yours to make a difference.
  • Souls4Soles gives humanity to those hurting all over the world through a simple pair of shoes.  350 million pairs of shoes in America go to landfills every year.   300 million children worldwide do not own one pair of shoes.  Find places to donate gently used shoes of all varieties, shapes, and sizes here.  Or host your own shoe drive!  They’ve just started Clothes4Souls, too.
  • Blood:Water Mission works with the world water problem and HIV Aids relief.  $1 gives an African Clean Drinking water for a year.  Scrape together your pennies and change the world.
  • Clean out your cabinets and send a care package to a college student!  Your odds and ends = a gourmet dinner for a college student.
  • Donate gently used lap blankets, coats, gloves, and scarves to a local nursing home.  They often need them to take residents to and from doctor’s appointments.
  • Give your time to a local school to help those who are struggling.
  • Volunteer somewhere that feeds the hungry.  My goal is to go here this year and serve at least once.
  • Coupon your way to free food pantry donations!
  • If your car dies, here’s the absolute best way to donate it.

The more you give, the more you realize you have.  The more you give, the happier your heart.  You don’t have to Bill Gates to make a difference in the world.  In your cabinets, your closet, your heart, you possess many gifts and blessings.  Generosity should be a way of life, no matter how much or how little you have.

How have you found ways to be generous with very little or while getting out of debt?

Related posts:

Debt Reduction CommunicationDay 23: 31 Days to Reducing Your Debt Debt Reduction CommunicationDay 19: 31 Days to Reducing Your Debt Debt Reduction CommunicationDay 18: 31 Days to Reducing Your Debt Debt Reduction CommunicationDay 4: 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!
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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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