A Proverbs Wife

4 Valuable Lesson I Learned from Being in Debt

I have been thinking a lot about debt and how treacherous our journey was trying to get to where we are. There were days when we just wanted to down right quit trying to pay off debt. Many of our creditors were just plain nasty…so much so that we contemplated filing for bankruptcy and outright just not paying our creditors another dime. All the while we continued to pray.

As each dollar was spent to pay off debt God revealed to us some valuable lessons. The biggest lesson we learned was that we were depending on my husbands income to do something we should have been trusting God to do–which is to provide. For me personally things got so bad that the fear of losing it all overwhelmed me. This is when I was able to distinctly see that I did not trust God’s plan for provision. As a result of this journey, me and my husband’s faith has been strengthened. We have also learned some valuable lessons along the way.

1 – We learned how important it is to be committed to following God’s plan for managing our finances. We got into debt because we were trying to apply methods we had learned from our parents and others we had picked up along the way. We now use resources such as Dave Ramsey’s: Total Money Makeover and The Econimides: America’s Cheapest Family because their methods closely relate to our biblical principles. However, the Bible is now the ultimate source upon which all of our financial decisions hinge. (Joshua 1:8)

2 – We’ve also learned how important it is to share our testimony with others regarding what God has taught us and has also delivered us from. (Mark 5:19-20) This has not only been helpful to our growth process but has been an encouragement to others.

3 – We’ve stopped trusting in our abilities to provide and began to trust Christ. (Ephesians 2:8-9) This was by far one of the greatest revelations during this entire process. It wasn’t until we arrived at the point where we admitted that without a miracle, we could not get out from under the mess we had created….is when we made room for God to work.

4  – We learned how important it is to surround ourselves with like minded individuals. Our probability of success increased when we joined together with others who were trying to become debt free. (Hebrews 10:25) This can be a financial freedom group that you formulate with friends or family members who are also committed to becoming  debt free. This group of like minded individuals worked as an accountability partner as well as a source for encouragement. Having those friends to talk to when we hit detours in our progress really helped keep us from giving up.

Everything that we’ve learned has been such a blessing in so many ways. Our marriage is so much stronger as a result of this journey. Statistic say that the number one source of arguments and divorce amongst married couples is finances.  We have weathered some stormy seas and have emerged all the more stronger in our faith and our love for each other as a result.

Where ever you are on your journey to becoming debt free, know that there is no problem too hard for God to handle.

This is part 5 of a 5 part debt freedom series.
Part I- 5 Habits That Are Probably Keeping You In Debt
Part II- Is Keeping Up With the Jones’ Keeping You In Debt?
Part III- Put the “BUDGE” back in Your Budget!
Part IV- Guest Post: My Financial Freedom Strategy
Part V- 4 Valuable Lessons I Learned from Being in Debt

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3 thoughts on “4 Valuable Lesson I Learned from Being in Debt

  1. This sounds like our story! Thanks so much for sharing!


  2. Christina Kelley says:

    Great post. I love reading all the tips for getting out of debt. Now if I can just figure out all the survey stuff.


    The Proverbs Wife Reply:

    If you want to try a survey company start with MySurvey or LightSpeed. Those two are my favorite and it’s easy to earn at least $10 a week for taking just a few surveys and you’ll make even more if you refer people you know.


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