{"id":393,"date":"2012-02-23T08:47:31","date_gmt":"2012-02-23T16:47:31","guid":{"rendered":"http:\/\/fwfforwomen.com\/?p=393"},"modified":"2016-02-19T21:50:38","modified_gmt":"2016-02-19T21:50:38","slug":"reduce-your-debt-faster","status":"publish","type":"post","link":"https:\/\/faithfulwithfinances.com\/im-faithful-blog\/2012\/02\/reduce-your-debt-faster\/","title":{"rendered":"Reduce Your Debt Faster"},"content":{"rendered":"

\"\"<\/a>At some point in our lives, we typically will take on debt. Whether it is to gain a higher education, have a good mode of transportation, or even to get our family into a nice home. Debt is readily accessible in our culture, and we are enticed into the fact that we can have what we want RIGHT NOW. The other day I was sent a quote, and it really struck home, \u201cPay Today, Play Tomorrow!”<\/em> said Prudence. “Play Today, Pay Tomorrow!”<\/em> said Mediocrity.<\/strong><\/p>\n

Prudence can be defined as skill and good judgment in the use of resources. It just so happens that we have to use our financial resources every day, and as I have mentioned in many previous posts, the Lord doesn\u2019t accept our second best in this category.<\/p>\n

Just to give you an important verse on this topic, let\u2019s look at Proverbs 14:15 which tells us, \u201cThe simple believes everything, but the prudent gives thought to his steps<\/strong>.\u201d<\/p>\n

This verse gives us a great amount of wisdom, (what do you expect, it\u2019s Proverbs!), and it can be related to our finances. Being prudent in your finances does not mean being afraid<\/em> of taking risks, it doesn\u2019t mean keeping all of your money in one place, and it doesn\u2019t mean constant reluctance in spending. Prudence is the careful act of watching your steps, and knowing that God is guiding them.<\/p>\n

So let\u2019s get into the subject of relieving your debt faster<\/strong>. There are different forms of debt, some of which I mentioned above, that are permissible to have, yet others you should immediately try to get rid of. I like to put debt into two categories: OK debt and REALLY BAD debt. Let me give you some examples below\u2026<\/p>\n

OK DEBT<\/strong><\/p>\n