Debt-freedom, Finances

Top 6 Reasons Why We Need to Get Out of Debt Faster

6 reasons”Why do you need to get out of debt? Debt can be a driving force for you to work harder. It is not forever…why are you punishing yourself?These are the questions that ordinary people throw at us as we started our journey on getting out of debt early this year. But at the end of this post I will tell you the top 6 reasons why we decided to get out of debt and do it as fast as we can. We just paid off over P 450,000 debt for the last six months. 

Top Reasons to Get Out of Debt

1. Get out of the stress of paying bills

It has been very stressful for us to live in the cycle of paycheck to paycheck. Always thinking about ways on how to pay our bills on time added to that are the unforeseen expenses that gives us financial heart attack. It can surely give us a great relief if we are done paying all our bills. This will lessen the stress and the risk of health problems associated with stress. Being out of financial stress can also help me and my hubby maintain a great marriage.

“Owe no one anything, except to love each other, for the one who loves another has fulfilled the law.” – Romans 13:8

2. Enjoy our income

We are actually receiving more than an average income in the Philippines. But since we have so many things to pay, we are not able to  enjoy the fruits of our labor. We just look at our income as it enters our bank account and say goodbye to it as we pay our bills. Some people around me will say, ” Ang importante may pambayad ka”. Yup, that is true but I don’t want that scenario for a longer period of time in my life. I am sick and tired of paying and paying the bills from all of the unnecessary expenses we incurred before. Now I know better. And I am sharing this experience with you so you can also free yourself from the bondage of debt and enjoy life as what God has planned for you.  ” You work too hard to get to the end of your life and have nothing to show for it.” -Dave Ramsey

” The rich rules over the poor, and the borrower is the slave of the lender.” – Proverbs 22:7

3. Build our children’s future 

I know, it is common in the Philippines that when a father or a mother dies, he or she will leave an “utang” and it will be the family who will continue to pay it in behalf of the dead father or mother. But the Bible says it should not be that way.

“A good man leaves an inheritance to his children’s children, but the sinner’s wealth is laid up for the righteous.” – Proverbs 13:22

With more financial room, we can save,invest and acquire outright assets for our children’s future. They will not have to start from zero.

4. Build our family’s dream

We can build our dream house and spend for our dream vacation without the guilt from borrowing money. To work on towards our dream career is also one of the benefits of getting out of debt. To be able to do what we really love and not just because of getting paid.





“And God is able to make all grace abound to you, so that having all sufficiency in all things at all times, you may abound in every good work. “– 2 Corinthians 9:8

5. Teach our children good money habit

We are our children’s most influential teacher. Whatever they see that we are doing, they will surely follow. It is best that we show them that they don’t have to live under the bondage of debt. It is possible to live and stay debt-free.








“Train up a child in the way he should go,and when he is old he will not depart from it.” – Proverbs 22:6

6. Give more 

Getting out of debt will allow us to give more.You cannot give what you don’t have. So definitely if we are not making any payments we can help others all the more.

“For if the willingness is there, the gift is acceptable according to what one has, not according to what one does not have.” – 2 Corinthians 8:12

I can give you a lot of reasons why we need to be debt-free but these are our top reasons. Because of these, we are now implementing a budget each month that can help us get out of debt faster.  What’s yours? Feel free to leave us a comment below. If you want to read more blog posts from me, don’t forget to subscribe.

Thank you so much for visiting my web space. God bless us all.


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