Make 2013 Your Year To Get Out Of Debt!


“The rich rules over the poor, and the borrower is the slave of the lender.” – Pro 22:7 ESV

Having been under the burden of $40,000+ consumer debt, I remember feeling just like a slave to everyone I owed money to.  Many of you know the feeling too.  It’s not fun.  But, on the other hand, the feeling of getting out from under those debt obligations and becoming debt-free is so incredibly liberating that it drives people to make some bold moves to do whatever it takes to get out of debt.

I get pretty inspired when I hear about people downgrading their car, selling their house, and even taking second jobs – just to get out of debt. Sure making sacrifices like that aren’t fun in the short-term, but if you talk to any of them, they will tell you that it was worth it. And the sacrifices are only TEMPORARY.  Once you are out of debt, you are in a much better position of control financially and you can add some of those things back in.

Make this your year!

If you haven’t already, I encourage you get our Free Getting Out Of Debt Ebook.  It is a quick read, but it will help.  Then either buy a used copy of the The Total Money Makeover or borrow it from the library.  That book has successfully helped more people get out of debt than any other out there. If you follow the instructions, it works.

Join the Movement

ChristianPF has joined forces with the Debt Movement that is underway – which is focused on helping readers pay off $10 Million of debt this year. You can join the movement and help us reach the goal by signing up here.

Get a Debt Scholarship!

As part of the movement, ChristianPF and other fine organizations have funded over $15,000 in scholarship money – specifically for those working on getting out of debt this year.

If you are interested in applying for a scholarship, you can apply and find out more here.

Decide to make this year different

Right now, you have the choice to let this year be whatever it will be, or to decide to make some positive changes. The question you need to ask yourself is “Where do I want to be 1 year from now?”

This time next year do you want to have the same (or more debt) or do you want to be out of debt (or at least on your way)?  The way you get there is by deciding, committing to it, and taking action!

Make 2013 the year things changed!


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  1. Adam

    Wow! I write for this site and, somehow, had missed this free resource. I’ll be passing along this post and reading the book soon. Thanks!

  2. ken

    If getting out of debt means trading my hard cold cash for a 3.2% interest rate on a 30yr mortgage, just to watch the value drop and my equity turn to an untouchable, frozen lump of cash that dwindles in it’s worth, I think I will pass. Stay liquid, buy the hedges against the inflationary forces headed our way and GET OUT AND STAY OUT OF BONDS ASAP.

    • ken

      i said this backwards and corrected it to the below comment. but you know what i mean…

  3. Rich - MoneyWisePastor

    Ken, I agree that paying off the house is debatable, but now’s a great time for people to make a plan to attack those high interest consumer credit cards, car loans, and other debts.

  4. Joan

    I like the get out of debt posts. We basically only owe about $2500 on a credit card and I figure with our tax refund about $1K of it will be paid off soon. Currently, there is no interest on this card – only once the one year point is up. We own 3 used cars, all are older models (1997/2000/2002) and our insurance on the three cars is $95 per month, mainly because one sits because the transmission went out on the 2000 year car. We do have a house payment and the normal utility bills that go with owning a home. Overall, I think we are sitting pretty good. One of my blog posts shows you 5 secret places to find items for free and resell – check it out!

    • ken

      hey joan,
      why not sell the car with the tranny problem for cash, pay off that cc now and pocket the tax refund. by the way, you may want to stop receiving a tax refund so that you have the money available throughout the year on your paycheck. just make sure you don’t spend the excess but stash it away.

      peace out: ken

  5. China Newz

    Is it better to pay off low interest debt or invest your money in some type of asset. For example, if you have student loans at 3% interest, but you can invest in a bond fund that gets a return of 5% per year, is it better to invest in the bond fund and then pay off the student loan one payment at a time?

    What do you guys think? Is there a hard and fast rule?

    • ken

      China, what i think is that when it comes to student debt, that debt is a liability that should be paid off. It should be paid off with a second income though. It will be a drag for awhile but it is, to me, the very best way to get out from under it.

  6. Into Independence

    One strategy that helped me with debt reduction is to give up the credit cards and use only cash and/or debit cards. I found it was way too easy to overspend when using a credit card. I actually think more about purchases when staying on a cash basis. If you stop the bleeding (credit card debt accumulation), a focus on rapid repayment can begin.

    • ken

      there is nothing wrong with paying everything on a credit card. just pay it off at the end of each month. that way you receive whatever rewards the card offers for free. personally, we get cash back on ours each year and that pays for Christmas presents.

      your spending is tracked completely and the record keeping is a breeze. just dont spend money you dont have no matter what payment vehicle you choose. it is really that simple.

    • Into Independence


      Thanks for the comment. We have tried it both ways. I agree that you can use a credit card and pay it off at the end of each month. However, for us I noticed the spending levels were much higher with this approach. I recognize this will not be the case for everyone. Take care.

    • ken

      it all depends on self control and goal setting. if one runs their home like a business with set rules on spending and saving and a constant monitoring of the plan, i have found it works really well.

      however, it is all about self control so the cash way does set external boundaries where as the credit card is a psychological one for the most part. adios.

  7. ken

    it all depends on what sort of debt one has. if the debt simply takes money out of one’s pocket, then definitely get rid of that debt. that was foolish debt to begin with. however, if the debt one holds shields an ASSET and make sure you know what that means, from confiscation and taxation all the while being paid off by someone else, then that debt will reward you constantly.

  8. dusty rhodes

    Great article and admittedly good conventional wisdom. I have discovered a small gem along the
    way however. With an excellent credit score over the years and credit cards in business names
    primarily, I have amassed quite a large amount of credit limit. Enough to borrow, rehab, and
    remarket a piece of real estate. The profit I have made along the way has propelled me forward
    and wiped out consumer debt at lightspeed compared to trying to figure out what I could sell
    or downsize to try to eliminate debt. Also it has blessed me to be a private money lender and
    reap returns far better than any other financial instrument, and being first deeds of trust, assets
    are virtually without risk. Arbitrage is the reason there are more banks on many corners than
    McDonalds! Not for everybody, but waiting to pay off all my debt first would have made this

  9. smartboy

    ChristianPF has joined forces with the Debt Movement that is underway – which is focused on helping readers pay off $10 Million of debt this year.

    McDonalds! Not for everybody, but waiting to pay off all my debt first would have made this

  10. pam

    What would you say to someone who can’t see the light of day because of the debt-I want out but have nothing to sell? I am behind on all my bills, have fuel oil heat which is out, have no money, drag myself to work every day wishing just once I could keep one hour’s worth of wage for myself.

    • pam

      to add more to it-I got outstanding payday loans, student loans, credit card payments, and medical bills piling up. I’m not sure how all this happened but do know I am tired of living this way and want to change it. So any help would be much appreciated.