Tuesday, September 19, 2017

Why we travel debt free and how you can do it too

Today we're talking about traveling debt free! We'll be going over two reasons we want to do it this way, a story about why debt lets you down and how you can travel debt free!

Reason 1: We're Christians and the bible says it's not the best. The one that is heard the most is Proverbs 22:7 that says, "The rich rule over the poor, and the borrower is slave to the lender."
Reason 2: When you purchase something with debt it doesn't belong to you. It belongs to whoever you borrowed money from to make the purchase. For example: when you purchase a home traditionally, you get a mortgage and then purchase the home with the amount the bank says you qualify for. Until you pay the bank back, your home technically belongs to them and you can lose it. We want to purchase something and have it be ours. That's another reason we want to do the cargo trailer. They are built the same quality or better as rv's, they cost less and we can design it the way we want it.

Story: When my dad was younger he would travel around and use a credit card instead of taking cash. He would pay it off later. On one of his trips the whole credit card system went down for about a week (if I remember correctly), he did have a bit of cash to get back home. Cash saved the day!

How to travel debt free:

Utilize the free events and parks in your area. This doesn't sound very spectacular, but they are a great way to get out and explore. Most of the travel we do utilize these two things. This is especially good if you have kids and just want to get them out of the house and create some great memories. One of my favorite memories was an over night camping trip we took with my dad to the middle of nowhere.

Be frugal. A budget each month or even each time you get payed helps you see where your money is going and helps you control it. Coupons, discount racks, and some sales can help keep you under budget and set aside that money for travel.

Save. I've mentioned this before but just sitting down and calculating how much it would cost, like a travel budget, and then saving towards that goal. What's great about this is that it can be a big goal or little goal, wherever it is you want to go. I've met a couple who save two months worth of bills and however much they needed to go on their trip. This way, they go on the trip they want to go on and don't have to worry about whether or not the bills would be payed.

That's all I've got for today guys, thanks for joining us we really appreciate it! See ya next time :)

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