Beyond Today Daily

Managing Your Finances - Step 2: Get Out of Debt

Tips on getting out of debt.

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[Gary Petty] We just finished a Beyond Today program on managing your finances, and there were three points we brought out. Now, we did a BT Daily on the first one, which was learning how to budget. But the second one is get out of debt. You can’t do anything with your money if you’re drowning in debt.

[Steve Myers] Or you get tied up pretty quick. One of the things that comes to mind, I think, is just trying to determine whether something is a need or a want.

[Gary Petty] Yeah.

[Steve Myers] And determining needs and wants. Is this something that I absolutely have to have or is this something that I want, would like to have? And just sorting through those things in our life can oftentimes just help us to understand – is this really that important? Is this a need, that is something I absolutely have to have, or is this something that can wait, or I can budget for it and do it later? Needs and wants, that’s an important aspect.

[Gary Petty] Well, the booklet actually has a self-buying test where, when you go to make a purchase, there’s questions you can ask yourself in helping you determine, hey, is this really something I need or just something I want?

[Darris McNeely] You know, getting out of debt – for most people it’s consumer debt, credit card debt, usually that is the biggest problem. Mortgages and cars are two things that sometimes are rather acceptable and inevitable. But it’s that consumer debt that kills us. I would say, get rid of it. Do what you have to to get those credit cards off your back. If it’s eating beans and rice – I’ve known people that, they set themselves to get out of that consumer debt – gives them breathing room, hope, and the ability to deal with everyday life. Make it a priority to get out of debt, especially that crippling consumer debt.

[Gary Petty] Watch our Beyond Today program, “Managing Your Finances”. There’s a whole lot of information in there that can help you in getting control of your money.

That’s BT Daily. Join us next time.

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Gary Petty

Gary Petty is a 1978 graduate of Ambassador College with a BS in mass communications. He worked for six years in radio in Pennsylvania and Texas. He was ordained a minister in 1984 and has served congregations in Longview and Houston Texas; Rockford, Illinois; Janesville and Beloit, Wisconsin; and San Antonio, Austin and Waco, Texas. He presently pastors United Church of God congregations in Nashville, Murfreesboro and Jackson, Tennessee.

Gary says he's "excited to be a part of preaching the good news of God's Kingdom over the airwaves," and "trusts the material presented will make a helpful difference in people's lives, bringing them closer to a relationship with their heavenly Father."

Steve Myers

Steve is the Operation Manager for Ministerial and Member Services of the United Church of God. He is also an instructor at Ambassador Bible College and served as a host on the Beyond Today television program.  Together, he and his wife, Kathe, have served God and His people for over 30 years.

Darris McNeely

Darris McNeely works at the United Church of God home office in Cincinnati, Ohio. He and his wife, Debbie, have served in the ministry for more than 43 years. They have two sons, who are both married, and four grandchildren. Darris is the Associate Media Producer for the Church. He also is a resident faculty member at the Ambassador Bible Center teaching Acts, Fundamentals of Belief and World News and Prophecy. He enjoys hunting, travel and reading and spending time with his grandchildren.