Never Wait for the Perfect Time
Dec 04, 2022New to Faith and Fit 90 Challenge? Subscribe to the Faith and Fit 90 Challenge Playlist HERE.
Week 6: Getting Out of Debt and Keeping Out of Debt
Today’s Easy Task: Tackle the debt right now to keep it from getting worse
How to rock this task:
- Try asking for debt forgiveness
- Try reducing your monthly expenses to 33% or less of your monthly income
- Try making extra money
Today's Devotional:
Today we are going to focus on not waiting for the perfect time to tackle our debt; instead, we will start tackling our debt right now! When our debt is so huge, it is so easy for us to just focus on doing the minimum, because that is what we believe we can afford to pay. So we pay the minimum because we expect to get a big payoff in the future. However, it is not wise to wait for that big financial payoff, because we don’t know when and if it would ever happen. We could be waiting forever and in the prison of debt longer than necessary.
So that means we have to start where we are right now. We must tackle our debt right now where we are. Let’s try asking for debt forgiveness. Let’s try reducing our monthly expenses to 33% or less of our monthly income. That means we may have to be creative. We may have to find a cheaper home, get a roommate, move in with relatives, live in a more affordable city, or crash with friends when we rent our place out with Airbnb. We may have to use public transportation if our city has a great public transportation system, consider walking and riding a bike when possible. We may have to try visiting your community food bank and food bank affiliates if we meet income qualifications, and cook at home. We may have to cut subscription services because the $5 here and $10 there add up. Let’s try shopping around for deals with cable, internet, insurance, and cell phones. Let’s try lower interest rates and avoid paying bank fees. Let’s try making extra money by working overtime, working part-time retail, babysitting, food delivery, drive sharing, selling our stuff, and doing surveys. Let’s write down how we will do everything in our budget. It will be a lot of work, but since it will help us tackle down our debt, it will be completely worth it.
James 2:14-17, says we must work for our faith to produce fruit. Let us create an awesome plan and work it out. With God on our side, we can do it. For we will not be relying on our might or our power, but on God’s Holy Spirit that will help us follow through on the plan (Zechariah 4:6).
It’s important to build a solid financial foundation for our family and if we weren’t in the equation they would be equipped and able to take care of debt payments. It’s important to be prepared for the unforeseen situation.
So let us not just wait for the perfect time, because we’ll end up not building (Ecclesiastes 11:4). Yes, it’s so tempting to wait until all the risks are eliminated. However, just because risks are involved, doesn’t mean we shouldn’t act. So let’s act because in the end the reward will be getting out of debt and keeping out of debt.
Today’s Prayer:
God, You are our Father. We love You and adore You. You reign in the heavens and on earth. You are full of wisdom, knowledge, and strength. Let Your glory dwell in my life. Let Your light shine all around me so that others can draw near to You. Give us this day the wisdom, knowledge, and strength we need to tackle our debt. Let us experience success when asking for debt forgiveness, reducing our monthly expenses to 33% or less of our monthly income, and making extra money. Forgive us our trespasses, sins, and debt as we forgive those who sin against us, our trespassers and debtors. Lead us not into temptation, but deliver us from evil. For Yours is the kingdom, power, and glory forever. In Jesus' Name, Amen.
Today's Scriptures: James 2:14-17, Zechariah 4:6, Ecclesiastes 11:4
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