Debt, for most folks, is one of those "dirty little secrets" we keep because we don't want anyone to know that we cannot actually afford to live the way we do. Our credit cards are maxed out, our mortgage payments are insane, and we know we can't afford to go on that big vacation, but we do anyway.
As consumers get younger and younger and college freshmen are given credit cards, it is surprising that learning to manage debt isn't a mandatory class taught from junior high up through college. The sad reality is that many of us have gotten so far over our heads in debt, that we can't think of a way out of it minus the temptation to declare bankruptcy. We think by starting over again, we'll learn to be more frugal. Instead, we begin the process all over again.
I would think churches across America would have classes and studies on debt management. Some do but many don't. I would like for our church to offer classes and instruction in debt management. Over the next few months (and perhaps longer), I'll be posting various tips on finances, managing debt, and learning to live within one's means.
To start this thread of posts, let me direct you here to how a person climbed out of his huge $35,000 debt. It's a fascinating story and can be a lesson for us all.
A birthday present in the manger scene
3 hours ago