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Could You Pay Off Debt in 10 Months?

Pay off debt in 10 months and enjoy financial freedom | Happy Simple Living

All morning I’ve been thinking about debt, and how it drags us down.

Debt is a drag on our financial health — not only the interest we pay for things we bought in the past, but the outpouring of money it takes each month to make more than the minimum payment and eliminate the debt.

Debt is a drag on our energy. The Bible describes debt as a millstone around the neck, and I can remember feeling that way when my credit card balances were over $12,000. I thought I would never be free of the heavy feeling.

Debt is a drag on our relationships. Money is the #1 thing couples fight about, and being deep in debt just adds more conflict, pressure and stress.

Debt is a drag on our future. We can’t plan vacations, save for emergencies, or make improvements because we’re spending all our time and resources paying off those old balances.

A Ten Month Challenge

Today is February 23, and we have about ten months until Christmas. You deserve a wonderful present this holiday. I want you to experience the joy and freedom of paying off debt.

Could you divide your outstanding balances by 10, commit to paying 1/10 of the amount plus interest every month, and eliminate that debt altogether?

Could you put the card in a safety deposit box or under your mattress or somewhere where you won’t be tempted to use it at all in the next ten months?

If you owe on more than one credit card, could you get the scissors and cut up one of two of those cards? That’s what I had to do; I destroyed the cards so I couldn’t use them any more, which forced me to be good.

If your balance is too high to completely pay it off in ten months or if you owe money on several cards, could you commit to paying $200 a month or even $100 a month to eliminate a significant chunk of one of those balances?

I know that once I set a monthly goal for myself, I was better able to focus and commit to paying the monthly amount. $100 isn’t too much to scrape together each month, but paying down $1000 on a debt in ten months is a significant step forward.

I dug out of debt, and so can you. Step by step, you can become debt free and enjoy financial freedom.

How about you?

If you’re dealing with debt, what could you do about it in the next ten months? I challenge you to e-mail me at elizagcross(at)gmail(dot)com and state your 10-month plan. Our words and affirmations have power, and I will stand with you in your commitment!

If this is a problem area for you, I want you to vividly imagine waking up on Christmas morning and feeling proud that you made significant progress paying off debt this year.

If you formerly owed a lot of money and paid it off, will you share with us how you did it? I always love hearing your comments and strategies around this very important concept.

Here’s to getting rid of that heavy millstone, once and for all.

You deserve this.


The signature for Eliza Cross

Photo:  Eric Magnuson

About Eliza Cross

Eliza Cross is the author of 16 books, including Small Bites, 101 Things To Do With Bacon, and BERRIES. She enjoys sharing ideas to simplify cooking, gardening, and home projects. She is also the owner of Cross Media, Inc. and founder of the BENSA Bacon Lovers Society.

4 thoughts on “Could You Pay Off Debt in 10 Months?”

  1. I cut up all my credit cards years ago. Now, I only have a Walmart card, because, hey, who doesn’t love Walmart? But, I only keep a $1000. credit line. Any more and it would be too easy to go crazy. I pay way more than the interest and min. due every month so it shows as good credit coming in on the credit report– something that’s very important to keep your scores up. There was a time, though, I was saddled with huge debt, and it was very draining.

    Your kind heart amazes me once again, Eliza, offering to help people rid themselves of this heavy burden. I thank God for people like you in my life!

  2. Sue,

    Thank you for sharing your system, and kudos to you for getting out from under the burden of debt you once had. I appreciate you, and your kind words, too. 🙂


  3. What a great challenge! I made sure to give you a shout out in the latest blog post. I don’t think I can get out of debt this year, but I should be able to get those never-ending student loans from five digits down to four. That’s my big goal. I can see the finish line and it looks glorious!


  4. For quite a while now, my husband and I have been using cash for everything local and using checks for paying bills. The checkbook is used for NOTHING else but bills and is never taken out of the house.
    We have one credit card that stays in our lock box and we haven’t used it for months… maybe even a couple of years. We switched to pre-paid cash cards for two reasons — safety when shopping and no debt. We decide at the beginning of the year how much to put into the card for what we know will be credit card purchases such as online purchases and when we run out, that’s it, no more.
    Our cash is kept in designated envelopes (groceries, gas & oil, haircuts, etc.) and these stay in the lockbox until we need it. Then we only take as much as we think we’ll need.
    If you have an impulse problem, this method would surely put a cramp into your habit! Both of us luckily are not “shoppers” anyway but I do think it would work for those who are.


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