At Some Point It’s Time to Put My Big Girl Pants On
When people ask me about what was on my list, the first things I rattle off tend to be some of my travel adventures. Swimming with dolphins, rafting the Grand Canyon, or being a jet setter and flying somewhere and back in one day just because I can. But what doesn’t usually come up in conversation are what I call my “non-sexy” items. The one’s on the list that are like vegetables–they’re good for me and I know they’ll make me stronger, but they don’t always taste good or are as much fun to talk about. So today I’m talking about finances.
On the original 30×30 list were a lot of travel items and adrenaline experiences, and honestly I could’ve decided to whip out a credit card and get almost all of them done in 3 months. That was one option. Not a good one though. Also on the list I had decided to put “be debt free.” Uh oh, now I was really in trouble. How on earth was I going to accomplish my 30×30 list (with some very expensive dreams) and also become debt free at the same time? Honestly, I couldn’t. But God could. I submitted my 30×30 list in prayer and asked for His help and wisdom in this whole process. I figured if He was the one giving me the dreams, He would be the one to give me the tools, wisdom, and resources to be able to do them…in His order and in His timing. And He did!
Setting out to pay off my credit cards and school loans was something that I wanted to accomplish but not something I was looking forward to actually doing. I sat down one morning with a spreadsheet and an internet connection and looked up what I owed on each loan and each credit card, and then used online calculators to determine various payments and payoff dates. I did not like staring those big numbers in the face. But if I didn’t know where I was currently at, how would I know how far I had to go? At the time I had a car loan, student loans from my bachelor’s degree, and about $3,500 in credit card debt. I first calculated how much extra it would be each month in order to pay off my car loan a year early. Surprisingly, it was only an extra $55 a month. Then I decided that a percentage of every extra bonus I received from work would go towards my other debt. To keep myself on track, every quarter I labeled the various debts and totaled them into “Spring, Summer, Fall, Winter.” I would revisit that spreadsheet and update it with the new amounts every 3 months so I could see the progress I was making. The first time I was able to label a column “paid in full” I thought I was going to fly to the moon. There were many more columns to attack, but this kept me motivated to continue with my game plan. Some quarters were better than others, but by the time I was 27 years old I was completely debt free and had opened a 401K to boot. Not bad for a twenty-something little girl.
I remember how liberating and freeing it was to make that final payment. This lined me up to be able to accomplish some of the bigger ticket items on my list. I had a personal party and took myself to the nail salon to celebrate. I was officially debt free! Sadly, I was debt free and got to enjoy it for only 20 days. I decided to go back to school and get my master’s degree and signed the paperwork for my school loans less than three weeks after making my final payment. It wasn’t exactly how I had pictured it, but it was time to put my big girl pants on. By paying off my bachelor’s loan, my car, and all my credit cards I had lined myself up to be able to go back to school and get a master’s degree (one of the hairy scary goals on my 30×30 list.)
So was I surprised that I put “be debt free/pay off car & school loans” back on this next list? No. I don’t believe we’re meant to live in the bondage of debt. It causes stress, can hinder relationships, and can limit you from going and doing other things in your future. Admittedly I felt kind of dumb for getting in debt again and needing to put “pay off loans” on the list one more time. If I can do it once, I could do it again. But managing money and being financially responsible is an ongoing thing and a constant work in process. Financial balance and freedom is an ongoing battle. But this debt I had now was different than the debt I had in my 20’s. I had taken it on with prayer and a plan in place, had set up healthy habits and started putting into practice things like automatic savings and tithing.
The thing about life lists is that when you get serious about doing something, set your mind and become determined about allocating your resources (time, energy, finances, prayers, etc), it’s amazing how things begin to line up and fall into place. When we give our plans to God He truly is faithful to give us the desires of our hearts and take care of us…He just usually does it in a way we would never expect. More than likely it won’t ever look like or happen how it’s pictured in your head. And that’s ok! Be determined, be flexible, and give God room to work. Do your part and He’ll do His. It’s a partnership–it takes both you and God. You can’t do His part and He won’t do your part.
Two weeks ago I made the final payment on my car and received the title in the mail yesterday (the big girl car that was on my 30×30 list). And yesterday I went online and made the final payment on my school loans from my master’s program (MBA–also on my original 30×30 list). Busting out the calculator I added up over $90,000+ in loans for the 3 cars and 3 degrees I bit off and had taken on over the last decade. That’s not including all the travel, rent, and daily expenses of living on my own in southern California for seven years. I may have taken on all that debt on my own, but I certainly didn’t get out on my own. Praise God–yesterday I paid it all off…again! It wasn’t fun. It wasn’t sexy. There have been a lot of bumps and derailments along the way, but I decided to be debt free and to owe no man anything but love. *smiling* Now THAT is a good feeling. I have not only put my big girl pants on, but for the first time they actually feel like they fit.
Quotable Quotes From People Much Smarter Than I:
- “Keep out of debt and owe no man anything, except to love one another; for he who loves his neighbor [who practices loving others] has fulfilled the Law [relating to one’s fellowmen, meeting all its requirements].” – Romans 13:8
- “A man in debt is so far a slave.“ – Ralph Waldo Emerson
- “Rather go to bed without dinner than to rise in debt.” Benjamin Franklin
- ” It’s God’s will for you to live in prosperity instead of poverty. It’s God’s will for you to pay your bills and not be in debt.“ – Joel Osteen
- “Debt, n. An ingenious substitute for the chain and whip of the slavedriver.“ Ambrose Bierce
- “What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience?“ – Adam Smith
- “Home life ceases to be free and beautiful as soon as it is founded on borrowing and debt.” – Henrik Ibsen