Friday, January 2, 2009

Cancellation of debts

At the beginning of 2008, Billy and I began the year with about $90,000-$100,000 of debt. We have had debt our entire marriage. This year we began to declare that we would be debt free in 2008, except for our school loans of course.

Early in the year I began to see the number 5 everywhere. I would glance at the clock and it would be 5:55. I got bills in that were $55.55. All.The.Time. Then I read in one of Bill Johnson's books that God revealed to him this was the cancellation of debts. We began to buckle down and pay off everything we could. But we still had the big ones. School, 2 vehicles, a land payment, some small medical bills and credit cards. Then, as most of you know, in April the church paid all $29,000 of our school loans off. This was a turning point in our mentality. What was previously impossible, now seemed more realistic. Next we paid off out credit cards and all other small bills. Then our suburban finally sold. Then as the last few months of the year came and went, so did our debt. The truck, which again seemed like an impossible situation, was sold. The land payment is gone. Medical bills gone. All we owe is a small amount on our van now. We went from being a slave to debt to pretty much debt free.

It really is true that we hold the power of life and death in our tongue. As we continued to declare, "Debt free in 2008" we sat back and was wowed by God's goodness.

Now my faith is increased. I have even bigger things to declare in 2009. What are you declaring for 2009?


Anonymous said...

that is great, my faith is increase by your blog. I declare the promises of God for 2009 things fix on the house, new water line. Ministry oppertunities. Debit Free

The Durham's said...

Ok, words can't express how blessed I am to read this, and how blown away I am by our Father!! Your obedience makes Him so happy and His "good and perfect gifts" just keep flowing:) What a perfect parent He is. Thank you for sharing, Francesca! Praying for your new writing endeavors for 2009! Love ya!

jen said...

Wow! What an amazing testament to God's goodness! I know it's the cliche thing to say, but in 2009 I want my weight gone. I've always been okay being heavier, but over the last few weeks God's really been stressing health to me. So in 09 I'm declaring to be weight free!

Unknown said...

What an amazing testimony. Your story really encourages me! Heath and I are trying to pay off everything except the house, so that I can stay home next year! You showed me that it can be done.

I hope you are all well. Your girls are so beautiful!