Monthly Debt Update - October 2008

If you do the math you will see that we lowered our debt by a whopping $125.00 in October. I guess the big news so far is completing October without a single use of a credit card. This is kind of a big deal since income and outgo are really tight.

Declaration Of Financial Independence

I have the high interest savings account at ING, currently with about $5.00 in it. Anyway, I was very impressed with their full page ad in USA Today with this "Declaration Of Financial Independence:"

1. We will spend less than we earn.
2. We will use our home as a savings account.
3. We will take care of our money.
4. We will defend our credit worthiness.
5. We will ignore unsolicited credit card marketing.
6. We will know the cost of borrowing.
7. We will invest for the long term.
8. We will take care of the things we have.
9. We will remember what matters.
10. We will be heard.

See the full doc here.

Perry Noble

I love Perry Noble, pastor of Newspring Church in Anderson, SC, for his bracing honesty and his willingness to speak truth.

Here are some recent posts that hit me:

Is God First In Your Finances?
Broke & Stupid?
Top Seven STUPID Financial Mistakes That I’ve Made–Part One
Top Seven STUPID Financial Mistakes That I’ve Made–Part Two