Category Archives: getting out of debt

Should I pay off my debt BEFORE investing for retirement?

Learn more: Mike Ashcraft financial professional California

Miracle money for marine

Just when Jacob and Charlsie tried to honor God by getting out of debt – he took a second job, she got food at the Food Bank – simultaneously both of their cars broke down and needed expensive repairs.

It was a blast of discouragement undermining their newfound determination to “not be a slave to the lender.”

Marines don’t make much money in the first place. The sacrifice of being separated for most of their three years of marriage while Jacob was deployed was already a burden. When they took stock of their growing credit card debt, they felt crushed.

“The joy of being back together was dampened by the weight of, ‘wow, okay, we we’ve got debt and it’s growing,'” Charlsie explains on a CBN video.

“We looked at it, we were like, ‘wow, that hurts.’ And that was kind of our wakeup call where we came together and we were like, ‘we can’t, do this. We need to learn the skills, apply them, and pull ourselves out of this hole,'” Jacob adds.

In a bid to get the upper hand over expenditures, they dropped their cable and internet.

They were just beginning to feel they would soon be above water. Then disaster struck both of their cars. It was a devastating blow.

“Right now, fixing the issues with either car can’t be at the top of our priority list,” Charlsie remembers thinking. “There are other bills and needs that come before doing that.”

They considered downsizing to just one car. But they really needed both. Charlsie volunteered a their church, Pillar Church in Oceanside.

Pastor Mike became aware of their struggles and made… Read the rest: Miracle money for marine.

Out-of-control spending almost ruined their marriage

When her frustration hit the tipping point, Angie Cabler threw the checkbook across the room at husband Jason.

“I will no longer pay the bills,” she snapped, on a 700 Club video. “You will take care of it.”

From thoughtlessly spending to cutting up 17 credit cards, Angie chartered a course with Jason towards financial freedom, which brought them fewer worries about money, and greater peace and harmony in their marriage.

As a dentist concerned with running his practice, Jason abdicated household financial management to Angie. Debt stressed him out, so Angie balanced the checkbook.

For the first seven years of their marriage, the Christian couple never established a plan or goals for their finances.

As a result, their spending habits became unsustainable.

“I just liked to spend,” Angie admits.

As it always does, financial chaos spawned marital strife.

“When we fought, we fought about money,” she adds. “I think if we would have had open communication in the beginning, our first seven years of marriage would not have been so hard.”

But with the breaking point came a breakthrough. Angie threw the checkbook at Jason and renounced any further bookkeeping. Jason took over the expenditure tallying.

Most importantly, the Cablers enrolled in a financial education class at church where they learned the principles of everything from stewardship to generosity. They committed to tithing, eliminating frivolous spending, and setting aside a percentage of their income for a rainy day.

At the last class, Angie spontaneously offered to cut up their credit cards – all 17 of them.

“A lot of them were department stores, jewelry stores, or American Express, Visa, those kinds” of credit cards, Angie details.

In cutting the cards up, she halted… Read the rest: Out-of-control spending almost ruined their marriage.