Execution Day!

One has already begun ‘executing’. By living within one’s means, and practicing the elements of good stewardship, thrift and frugality one is already ‘executing’.

Executing the plan to eliminate debt, like the others, is a step in exercising good stewardship. This is not a ‘one day’ event. It has a definite start date, but it continues through to the elimination of ALL debt.

It is not any easy task, but one must keep an eye on the ‘goal’. Executing the plan to eliminate debt is also growing closer to God. By executing the plan one is definitively saying, “I have chosen my master!” One is still owned by the slavers, but is serving God.

“Bondservants, obey in all things your masters according to the flesh, not with eye-service, as men-pleasers, but in sincerity of heart, fearing God. And whatever you do, do it heartily, as to the Lord and not to men, knowing that from the Lord you will receive the reward of the inheritance; for you serve the Lord Christ.” Colossians 3:22-24

“not with eye-service, as men-pleasers, but as bondservants of Christ, doing the will of God from the heart, with goodwill doing service, as to the Lord, and not to men, knowing that whatever good anyone does, he will receive the same from the Lord, whether he is a slave or free.” Ephesians 6:6-8.

Pay the bills according to the plan. There is no ‘rule’ that states one can only make one payment to a specific slaver every month. Like giving, sometimes one has to ‘pay’ as soon as one gets to avoid temptation. It may be easier to pay ‘online’ and usually does not have ‘service’ charges attached.¹ Payments by phone usually incur a fee. One may mail more than one payment to a slaver per month without incurring a fee. If one chooses to pay more than once a month by mail, check the statements for the correct mailing address, make sure account numbers are on the check. Additionally, it is recommended that one create a facsimile of the statement’s ‘remittance’ form. On a piece of paper (or on the computer) ‘build’ a copy of the slaver’s remittance form. [This seems like a hassle, but if it removes the ‘temptation’ to spend instead of pay…Do IT!]

One should record the day one began getting paying off the slavers. One should notate the payments made specifically ‘to eliminate’ a debt. When it comes to evaluating the plan, these notes are valuable. Be honest; when one does not ‘execute’ or ‘falls off the wagon’, note it. This is to help one ‘evaluate’ the plan.


¹Caution: Some ‘online’ slavers - charge a fee for ‘same-day’ payments. - Chase® DOES, Chase® also ‘defaults’ to ‘same-day’ payment, automatically incurring the fee. They are not the only slaver to do this - check the fine print.