Today’s Scripture: The rich ruleth over the poor, and the borrower is servant to the lender. Proverbs 22:7

When it comes to avoiding overspending, sometimes we must take drastic measures. After working with a couple who was having trouble with their finances, I told them to get rid of their credit cards. Then I gave them a pair of scissors and suggested they cut the credit cards to pieces. They did. Guess what happened next?

Without having the credit cards to lean on, the couple couldn’t make any purchases for five straight days — but they survived. They told me their experience helped them learn to use their money with wisdom.

Whether avoiding overspending means cutting up your credit cards, burying them in a flower bed, freezing them in a block of ice, or getting help from a financial counselor, any measure you take will be worthwhile. What looks like extra restraints and limits at first will actually help you stay financially free. You will be glad you made the effort, and so will your family.

You may have heard horror stories of people with more debt than their annual salary: famous, multimillionaire athletes and celebrities who have gone bankrupt in a few years or people who have gambled away their entire life earnings. This does not have to be the case in your life. You have the right to be financially free. What are you doing to get there?

Devotional by Dr. James A. Scudder