{Week 3: Journey to Financial Freedom, Debt List}

It’s Monday, the best day of the week!!! Yes, you heard me correctly. Although some may disagree with me, I am beginning to see Mondays with a new perspective! Mondays gives us a fresh start, a blank slate, and great purpose. Today is especially exciting for me because Mondays are our {In Pursuit} of Financial Freedom days.

So what do you think? Are you changing your mind about Mondays yet? Or did the whole idea of looking at your finances give you yet another reason to add to your “What I hate about Mondays” list?

Well, if talking about finances (especially today) makes you want to crawl back into bed until you hit the jackpot, get some miracle inheritance, or at least until next payday…. then I would dare say- this journey is definitely an adventure you don’t want to miss! That’s right, I said it, an adventure.

What could be more exciting than seeing your debt being eliminated, watching your savings account go from 0 to ——, and seeing the blessings of the Lord upon your life because you’ve chosen to handle your finances God’s way? If that doesn’t get you excited, I’m not sure what to tell you. Perhaps some day I will write a post about jumping out of an airplane or climbing to a peak of a mountain… but for now, I am simply delighted to climb this personal mountain and I believe for myself (and for you as well) that D-Day (Debtfree Day) is attainable.

Even more so, I believe that we can get to a place in our lives where we are a blessing to God’s people and to His kingdom work, rather than a burden! That’s the life I want to live. That’s the life I am {In Pursuit} of!



Romans 13:8

“Let no debt remain outstanding, except the continuing debt to love one another, for whoever loves others has fulfilled the law.”

Proverbs 22:7

The rich rules over the poor, And the borrower is servant to the lender.”

1 Corinthians 7:23

You were bought at a price; do not become slaves of men.”

Wow, did you get that? Don’t owe anyone anything (except for love, we should give that freely). The borrower is servant (or slave) to the lender. And Jesus Christ paid the ultimate price for you so don’t go around becoming slaves of men.


Crown Financial has tools to teach our children about finances as well. Years ago when we taught our son Proverbs 22:7, “the borrower is servant to the lender”, we learned just how real this verse is. We were on the road and I’m not sure what we were getting but we did not have cash on hand. My husband turns around and tells Jaden, “Can I borrow the two dollars and I will give them to you when we get home. I left the cash at home.”

Jaden, who at the time must have been like 7 years old, happily hands over the two dollars, “Sure.”

As soon as Jason thanks him, he adamantly says, “Now your my slave!”

The words we taught our son came back at us. Truth be told, it was funny. However, my son understood that even if it was $2, he was the lender and we were therefore indebted to him until we paid him what was owed. That day we were reminded of why were on this journey towards Financial Freedom!


  1. Go through your bills/paperwork and pull out all the bills for creditors you owe to. I know, I know! That’s the last thing you want to do. But think about it. You are where you are because of your fear to face this giant in your life. The giant will not go away, it will simply keep growing!
  2. Create your Debt List (On a piece of paper or by using a computer program like EXCEL). At the top of your paper write: DEBT LIST/ DATE. Then write 7 columns with the following headings:
  • Creditor
  • Describe What Was Purchased
  • Monthly Payments
  • Balance Due
  • Scheduled Pay-Off Date
  • Interest Rate
  • Payments Past Due

Now fill in your Debt List. Begin with Creditors, then Auto Loans, followed by Home Mortgages, and lastly Business/Investment Debts.


“Just as the rich rule the poor, so the borrower is servant to the lender” (Proverbs 22:7, TLB).

Memorize it and continue to remind yourself why you are doing what you’re doing. Remind yourself of what God desires for your life: FREEDOM!

Now are you excited about Monday? Today is a Monday filled with hope! It’s a Monday filled with new dreams! It’s a Monday filled with plans of a new future! It’s a Monday filled with God’s blessings!

So are you ready to get started? Are you ready to face the ugly in order that you may one day face true financial freedom? If so, I encourage you to write out your Debt List, then tell us how it went. I want to hear from you! I’d love to hear how God is using this study in your own life! With God, all things, even {Financial Freedom} is possible!


Posted on October 10, 2011, in BUDGETING, FINANCES, FINANCIAL FREEDOM, LIFE LESSONS and tagged , , . Bookmark the permalink. 6 Comments.

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