Today, March 1, 2011, is the beginning of a sort of contest for our family. We have decided that over the next 6 months we are going to see how much of our student loan debt we can get paid off. We have been paying cash for Scott's tuition for about 5 years but we have loans from college and seminary from before that time.
In about two months Scott will be graduating from seminary and we are burdened to pay off as much debt as quickly as possible so that we can be ready to serve wherever God would lead our family. Paying off debt is a pretty boring and kind of depressing thing so we have decided to try to make it a little more fun for us.
So over the next 6 months we will be pinching and scraping together every extra dollar that we can to put toward paying down the principal amount on our debt. It will be difficult as we have decided to cut things that we have previously considered necessities. We will be getting rid of our home internet which will be a big adjustment and means that I won't have many opportunities to blog or keep up with my friends on Facebook.
We are excited to see what God is planning to teach us through this. We pray that not only will He bless us financially but that we will also be drawn closer to Him as a family. We will also be using this time to pray and seek God's will concerning the next step for our family. We covet the prayers of our friends and family during this time and I will keep you update on our lives as much as I can over the next few months.
I hope it goes well for you guys! It is so hard to have the student loans hanging over our heads on this end too. We're hoping that once we sell our house - if we sell it for what we paid we will be debt free but in this economy it may be impossible. May God bless your efforts! :0)
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