Like a lot of ministers, I borrowed a lot of money to get my Master of Divinity degree and early on served churches that didn't let me pay it down. And should I even mention paying for a car engine rebuilt with a credit card or living without medical insurance? I know a lot of you understand this implicitly, ordained or not.
Well, in recent years I've hammered away at my credit cards (plural), loan against my life insurance and student debt. Now I'm down to just the student debt.
- I know to within a few dollars what I owe on it.
- I pay about four times the minimum payment on it each month (or really, twice as much each paycheck.)
- It will be retired within the year, well before my goal of my fortieth birthday.
But something happened today that let me know I've made peace with my debt and have my eyes on a new target, namely co-home ownership.
The event? I was watching a game show and the host asked the finalist what he would do if he won the big prize of $5,000. For the first time, I did not fill in the answer "Pay off my debt."
That's all. If you have something to add about your feelings about debt, feel free to comment. For this post, you may be anonymous as long as you leave a legitimate email address and -- as usual -- I'll keep your identity private.