January 1st, 2013. It’s finally arrived: The day we begin our Depression-Era (DE) living experiment in order to get out of debt. We’ve been anticipating the arrival of this day for about the last six weeks or so, when we felt a strong tug on our spirits to get serious about debt reduction in our personal finances.
It’s funny, but my spirit feels unusually quiet. No excitement. You could say we’re beginning a race, but it’s not like we’ll be moving quickly. It’s more like the race of the tortoise and the hare, without the hare, you know? One step at a time, staying the course, for however many years it takes us.
For the record, here are some things you might want to know about our debt-reduction journey:
1. The numbers are BIG. REALLY big right now. We don’t have car payments or students loans, but we do have two super huge credit card balances, and a giant mortgage. I’ll be revealing the exact numbers in an e-book to come, well, sometime. I figure that if we can do this, we can help a ton of people to follow their own plan and learn how to get rid of their mountain of debt too.
But suffice to say that if we told you the numbers now, you’d likely have some huge (and quite valid) doubts that we could ever cross the finish line.
2. No, we haven’t stocked up on anything, really. I mean, we have a small emergency food supply, but that’s off limits, and other than that, no stock up was done to prevent spending money in 2013, except for a really good deal we got on laundry detergent at the end of Sept. We probably won’t have to buy any of that till March or April.
3. Rick doesn’t make a ton of money. Don’t get me wrong: I’m extremely proud of my hubby: he’s a hard-working, super loyal guy who’s committed to his family and his employer and gives 110% to both. But alot of the debt-reducing stories I’ve read are people who make six digits a year and have a $50k mortgage. Umm, yeah – that’s not us, not by a long shot. Our story is more like the David and Goliath story, and we’re David, not Goliath.
4. Why we’re doing this, and why we’ve decided to share it with the world. You can read another list regarding our whys here, but I guess we’re doing this because we’re sick and tired of being in bondage to money and debt, and I know a lot of you out there in Internet land are feeling the same way. We’re also:
– Sick and tired of being sick and tired, as Dave Ramsey says.
– Sick and tired of decisions in this family being made based on how much money we do or don’t have instead of on the basis of what’s best for the people involved, you know?
– Sick and tired of saying “no” to the kids about every little thing because we just can’t afford it.
– Sick and tired of stressing out about money
And more than anything, we’re sharing our story because we want to encourage others who are struggling financially. We want to share what we’re learning and what we’re doing in hopes that others in debt will gleam ideas and encouragement to make a plan of their own, and stick with it through to victory.
So though today, and the days to follow, may pass by quite uneventfully, the day will come, Lord willing, when we’ll have a huge celebration. And we’re looking forward to celebrating your debt reduction accomplishments too, both the big ones and the small ones, so we hope you’ll follow us along.