Priority List for Debt Freedom

By Todd Coontz

Achieving your goal of becoming debt free is contingent upon whether you're willing to alter, change, and adopt different spending habits.

To continue your present course of uncontrolled spending will only push you closer to financial catastrophe. Your success in gaining control of your finances relies heavily on your resolve to get a handle on this.

Your first step will be to determine what is essential and must be paid? Creating a priority list will help you identify that.

Second, eliminate all impulse purchases. Learning to live with less is essential to reducing your overall debt. Until now, you've been living "high" on borrowed money---money you pretended you had. But now you must adopt a habit which at first may seem extreme---living below your means.

Teaching Your Kids God's Money Principles

We need to do more than teach children that the Bible is our guide and that God's principles are the ones to follow. We need to add the "why" and the "who."

God instructs us to teach children this way: "Children, obey your parents in the Lord, for this is right. Honor your father and mother (which is the first commandment with a promise), so that it may be well with you, and that you may live long on the earth. Fathers, do not provoke your children to anger; but bring them up in the discipline and instruction of the Lord" (Ephesians 6:1-4).

God tells children to honor and obey their parents, but He doesn't stop there. He tells them what the results will be: "That it may be well with you, and that you may live long on the earth."