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Morning fellas, Id like you guys to chime in and allow me to borrow wisdom from a pool of knowledge if you dont mind.We have found ourselves in debt mostly from credit cards to the tune of 40k. We havent ever budgeted and yes I know we have been ignorant. We both make very decent salaries but still, living above our means has brought us to a crossroads. I feel we have caught it just in time. An awakening happened when we tried to get my wife into a larger vehicle and couldn’t get finiancing from anyone! We pulled our reports and saw the problem. Overspending has caught up to us. We have an option to sell our property which we built 3 years ago. We have a lot of equity in it and our location is a white hot areas for land and home sales. Seems everyone is coming down from the city and looking for average and a little farmhouse. We are thinking of taking the profit and immediately getting out of all outstanding debt and living like gypsies in the 5th wheel for 12 months saving all the money that is therefore available. We have tremendously gracious family and friends that would accommodate us for that amount of time. We are strongly considering the adventure, we have two girls, 4 and 1.5yrs. It will be challenging at times but the payoff will be huge when we decide to find land and build again.The other option is keep what we have and spend years of struggle to catch up and even longer for our credit to do the same. Kind of a no brainer to me. However I would like your input, perhaps from your own life experiences. We are in our 30’s so I figure if we ar going to do this, then the time is now. We are on a quest for true freedom and happiness. I feel we have lied to ourselves living the dream (fake) while being a slave to creditors for too long. Thanks all!
Tithe, I would to the church but I already donate to the largest charitable organization in the world aka United States Federal Government! In all seriousness, we do not give 10% to the church monthly. However, we give when it is asked of us & are open to giving. Plenty of ways to donate 10% & it doesn’t have to be all money either. My 2 cents for what it’s worth.