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Financial Peace

Wednesday, May 18, 2016

So one of the issues that has been causing me anxiety - which led me to overeating and just "not caring" about my health - is our finances. I made a big blunder this past year in our taxes and we ended up owing several thousand dollars this year.... We normally get several thousand back so this was a huge shock. Our only option was to put it on our credit card. SO this year is going to be spent being incredibly frugal trying to dig ourselves out of this hole.

I am currently dealing with a lot of guilt and regret for doing this to my family. My husband isn't mad or anything and he sure doesn't blame me. I am just angry at myself. I should have been smarter than this! I grew up in a family that lived paycheck to paycheck and many times the cupboards were empty and electricity was being threatened to be cut. I have worked very hard to be financially stable as I did not want my children to go through this.

We normally carry a small balance on our credit card, but it's small enough that we could have paid it off if we wanted to. We just had the mentality that CC debt is normal and OK as long as it didn't get out of hand. This amount that we owe now is going to take time to pay off. I am having anxiety fretting over every purchase that is made, thinking about what we don't spend could be applied to the debt.

The blessing in all of this- which I need to remind myself of- is that this pushed us to take Dave Ramsey's Financial Peace class. I am slowly getting over my negative feelings and seeing the positives. I thought I knew how to budget before, but now I REALLY know how to budget. Getting out of this debt is definitely do-able. I fully understand now how taxes "work" and how much should be taken out. This will NOT happen again. I can now comprehend retirement savings, insurance, and many other financial topics. This class has really changed our mindset on our finances... and I can't say we are following it 100% just yet, but the changes we have made have been awesome. I am so glad DH and I took this class together because now we are both on the same page and communicate so much better regarding our finances. We will get out of this, and in the next year or two or three we can take vacations, purchase furniture, etc.... without going into debt for it.

This is no reason to overeat.... I need to let this issue go, focus on my health and getting back to a comfortable weight.

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Member Comments About This Blog Post
    I've held off for years not reading Dave Ramsey but I think that my family is going to have to start this as well. Not having health insurance and having to pay the fine each year is killing us! let alone the massive credit card debt we have - sigh. one of these days we will finally be able to breath.
    1899 days ago
  • SUNSET09
    My daughter and grandson are getting ready to take this course through the church. I can relate to what you're going through and put myself on a "finance fast". I only bought things to sustain me, food and when I felt like spending, found a bill to pay or an account to add funds to. I put myself on this fast for 30 days. The learning opportunity was that I don't need to shop or keep up with the lasts fashions. There's no need to run out and purchase something I don't need as God has provided everything. As Charles Stanley puts it, its our "needs" and our "greeds". Good for you in recognizing what has occurred and taking action to recover from it. It's all a learning process. emoticon and emoticon emoticon emoticon
    1900 days ago
    LOVE Dave Ramsey and all he teaches. Just make a plan, stick to it and don't be a slave to your credit card bills. You've got this!
    1900 days ago
    Great attitude. Keep it up.
    1900 days ago
    Great job on handling something that causes so many of us stress. Your attitude is really something to admire. I was in a comparable situation a while back; I can attest to the fact that it is a slow process, but you do eventually get out of it. You obviously are making great decisions now and you'll be just fine. Keep up the awesome work!
    1900 days ago
    Hey my husband and I are working to bring financial peace to our church right now! I'm so proud of you both for working to turn it around! You go girl!!!!
    1900 days ago
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