How We’re Dealing with a Serious Case of Buyer’s Remorse

Money

(Image Source: 401kcalculator.org)

Money can be a tough thing to talk about.  Since we shared the about the combined debt payoff, we really want to be transparent about our money and hopefully help and encourage others.

Truth be told, we fail in the finance department frequently.  This is not meant to be a self-condeming post at all, just an honest one.

Buyer’s Remorse

It hit us square in the face the past couple of weeks.  You know those days when it was 20 degrees?  Well we were having some SERIOUS regrets.

Regrets that we didn’t buy a used camper.

Regrets that we didn’t spend half the money we did.

Regrets that we didn’t save up and pay cash.

Now don’t get me wrong, we love what we’re doing and we love our camper.  Our regrets were purely financial.

In the whole scheme of things, we’re on the fast track to being mobile, we just see how the amount of debt is still slowing us down.  There are multiple ministries we’d love to go and help out with but are unable to do so just yet.

Decision Time

Let’s backtrack though to 2 nights before our camper was delivered.

Mark was reading a forum on RVing and figured out the size of truck we will need to pull this beast.  A 3500.  Ugh.  I immediately got cold feet and asked Mark if we could cancel our RV.  Neither of us wanted to cancel it, but both of us wanted to stop the process right then and there.

I had already had some reservations about the money for it and now the cost for a big enough truck was another factor.  In addition, it ended up costing us more than we thought it would after all the taxes, awnings, extended warrantees, & options.

We laid in bed discussing the situation.

How were we going to pay it off quickly?

What was a reasonable amount of money to budget for a truck?

Could we even cancel the RV?

We had renters moving in to our house in 2 weeks.  What on earth were we going to do?

Needless to say, we consoled ourselves and felt like we were stuck, I think the RV was scheduled to leave the wholesaler early the very next morning and our salesman was not working at that late hour in the night.

Desperate Times = Desperate Measures

So this past week, I actually *almost* conceded to Mark taking a job overseas for a year.  A year away from us so we could pay everything off and have a good savings.

But that was in a moment of panic.  A few days later, when I woke up in the morning, I was overwhelmed with peace.

Peace that our Heavenly Father was going to take care of us.  I was impressed with the words, “You haven’t even asked me to help you!  Ask me.”

So now that the dust has settled…

What would we or should we do when faced with another big financial decision?

  1. Pray.
  2. Wait – don’t rush.
  3. Ask others for advice.
  4. Don’t ignore our gut.
  5. Move on if a mistake was made.

Where are We Today?

So that big ole’ number 5…

Move on.

Mistake.

We firmly believe we made a mistake in buying our camper.  Pretty humbling to admit this to whoever may be reading, but we do.  Had we lowered our standards for a camper, we would be on the road by the end of summer.  As it stands we will be here (realistically) for 2 years.

We’ve thrown around the idea of paying down on our camper and selling it for a less expensive & used model.  Right now our focus is finishing the combined debt payoff. Still, we’re praying and keeping our options open.

We are choosing to not dwell on our mistake.  It’s remarkably easy to beat yourself up for the mistakes you’ve made.  We are choosing to look ahead rather than behind.

We are trusting in God to supply all our needs and to take care of us.  I don’t know how this all plays out but one thing I know is He loves us and He IS GOOD!

So there you have it.  One final thought on the matter, we all make mistakes.  But the question to ask is, do we learn from them and turn them into something positive? Let’s hope we do.

 

*UPDATE*  We bought a used Class A for a super price, you can read about it, here.  We’ve listed our camper for sale and are busy focusing on renovating the newly purchased Class A for full-time living.

Debt Free – Our Motives

We’ve had an overwhelming response to the combined debt pay off and the update we had about Gordon and Sarah being debt free.  From the bottom of our hearts…Thank You!

Thank you to everyone who has commented, contacted us, and shared what we’re doing.  It has been so encouraging to us.

The response has been mostly positive, but there are those people who think we are absolutely and entirely either crazy, irresponsible, or stupid.  And I’m okay with that.  *smile*

But I figured it was high time we talk about our motivation and reasons.

Most everyone agrees that having a load of debt is not a good thing.  Below are all GREAT reasons to get out of debt.  But next to each one, we’ve included our explanation of why we’re not motivated by them.

NOT Reasons We Want to be Debt Free

  1. Extra Spending Money.  I’d be a big fat liar if I didn’t admit that I’d love to have extra spending money.  Money that being debt free would afford.  But that’s not why we’re doing this.
  2. The Economy.   Last time I checked it really stunkith…bad my friends, but we aren’t motivated by that fact or the potential fear that comes with it.
  3. Increase Future Earnings.  There is nothing wrong with this, it’s just not our focus.
  4. Improve Our Credit Score.  No problems with it so we aren’t trying to fix it at all.
  5. Reduce Financial Stress.  We honestly didn’t have a lot of financial stress.  We live a pretty simple life.  Our bills were not overwhelming (though they may have been for the 3rd family and it’s a BLESSING to remove their financial stress)
  6. Financial Security.  Nah.  I think we’re on the brink of collapse and we find our security in Christ alone not paper money that has absolutely no real value behind it.

Our Reasons for Being Debt Free

  1. Ministry.  Mark and I have wanted to do missionary work for years but our debt held us back.  The other 2 families also want to do ministry work, though each of us has a different leading as of right now.
  2. Giving.  I remember reading Francis Chan’s book Crazy Love, which is inspiring and full of truth!  It is a great big kick in the pants, but said with so much kindness you don’t get that he’s judging you or wacky.  He says tough stuff but he’s so nice about it.  It’s palatable.  And you DON’T walk away from the book saying that Chan is a jerk.  He has “extreme” views on giving.  It is sad to me that they are extreme, but they were for me.  All that to say, he inspired us.  We want to be able to bless and help others more freely.
  3. Simplified Lifestyle and Travel.  Being debt free, we can full time RV and find work on the road.  We have more options.  Our living expenses will be so much lower without a debt payment and then we have freedom to go minister where needed and live off very little if necessary.

So those are our reasons.

There is absolutely nothing wrong with the list of 6 above ours.  They’re just not our reasons.

I know one thing is for certain, for all of the families involved. . .

We want our lives to count for something.

We want to choose the right path for us rather than the standard path that everyone is expected to follow.  Many paths open up when we ditch the debt.  With the debt, we’re seriously limited.