Debt-Free (Practically) And Thankful

Engagement Photo
Today we payed off our last loan, and now we are officially debt-free except for the house. I'm so excited that we were able to get it paid off - it's a good feeling!

This time last year Derek had been unemployed for two months, and I was only bringing in just enough to pay the mortgage each month, plus a little bit for tithe (it was really important to us to try to still give ten percent of our income to the Lord, even though it was quite scanty at that point). All of our living expenses and some of the bills were going on the credit card.

To go from unemployment to being debt-free (except the house, but I'm not counting that) in one year is just one more sign of how the Lord has been taking care of us since we got married. Last year at this time there was no job in sight and we had two student loans, a car loan, and significant credit card debt (just from living while we had no income).

Within the past year the Lord provided us both with jobs, we've been able to pay off the debt we accumulated during our unemployment, we've payed off our other three loans, we were able to take a nice little trip to the east coast this summer (which I never would have thought we could afford last year), and we're doing just fine now. It's amazing how much can change in a year, and it's even more amazing how the Lord has taken care of us through that trial of unemployment. As Derek makes that final payment today, I find myself with a thankful heart!

Before today all of our extra income each month was going toward paying off the last of the student loans. So what are we going to do with all that extra money now, you may ask? We're planning on putting a regular amount toward the principal on the mortgage each month, putting some money aside for a car each month (the cars we have now certainly aren't going to last forever, after all), and saving for a nice vacation next year (but I'm not going to tell you where yet, just in case it doesn't work out).

God is good, is He not? Whether Derek and I are going through a hard time, or whether we're going through a period of blessings, the Lord has always been there for us to lean on, and He always will be. Because of that, we can face whatever hardships the future might bring - even though everything else may change and everything else may dissappear, Jesus will always be there. And that's a comforting thought.

P.S. This is an old picture of us, just for kicks. I probably won't get to post again until Tuesday, because our internet chip is broken and we have to get a new one, but to quote Arnold Schwarchernagger, "I'll be back"!
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Jessica said...

Congratulations! It's such a good feeling to be debt free! Luke and I paid off our last credit card payment a few months ago, and it felt so good! Unfortunately, we back-tracked a little bit when we bought our car, but we're almost back on track again :-) Praise God for always taking care of us!

Tatiana said...

Congrats! That really is a truly amazing blessing! I wish I could say that I'm in the same boat, but I'm just about to start paying for my school loans. Boo!
God is soo wonderful though! It's so amazing that you even got a chance to have a small vacation!

Brittney Galloway said...

Congratulations, that is so amazing! Praise God for all that He has provided, and it sounds like you are being good stewards! Now that we have sold the car, we are finally able to chip away at the credit card debt from being unemployed, and it is very exciting!

Stephen and Larissa said...

Good for you guys! That's awesome that you guys made that a priority and God provided the means. Cute picture too!

Lidiya Lastur said...

We are not debt free yet, even though we don't have a house. But God is awesome and i believe I'll have a chance to say this too in a year! That would be amazing.
Enjoy your debt free life :)

lindseydenise said...

Congrats sweetie! How yall doin'? Love the picture.

Unknown said...

Congratulations Callie! It must just be the best feeling! x

Hannah said...

Congrats! I can't wait until that day comes for us...hopefully around July of next year that will be our story. The Lord is so faithful and His love endures FOREVER!

Ashley said...

Yay!! That's awesome Callie!

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