The Most-Overlooked Key to Getting Out of Debt

3 Minute Read

Are true community and face-to-face connections really that important when you’re climbing out of debt? After all, you’re bogged down in budgets and payment schedules. You’re just trying to avoid getting squashed by your debt snowball as it comes rolling down the hill. But the short answer is yes. In fact, plugging into a community might just spell the difference between staying in a rut and finding financial peace.

You don’t need to walk through this alone. To prove it, here are three benefits of investing in a community during your debt-free journey.

1. You have built-in accountability.

That dreaded A-word can be a tough pill to swallow for some people, which is why you probably don’t hear much about financial accountability. But consider this: The average household debt in the U.S. is more than $129,000—and about $15,000 of that is credit card debt alone.

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Maybe a little accountability wouldn’t be so bad after all.

If you know you’re going to be meeting with someone to discuss your budget regularly, you’re less likely to blow all your cash on work lunches and nights out. Accountability isn’t a synonym for money shaming, but it’s a great safety guard to keep you from flying off the rails.

2. You get your own personal cheerleaders.

The people in your tribe want to see you win. They’re going to cheer you on when you’re victorious and sympathize with you when you aren’t. That’s what friends are for, right? And if you’re going through Financial Peace University, your weekly small group becomes a part of your community. Sure, you might be on different Baby Steps, but you all share a common goal.

Community gives you that extra push you need when you can’t see the light at the end of the tunnel. It becomes a safe space to share your story in a judgment-free zone. And we all need as many personal cheerleaders rooting for us as we can get.

3. You can ask advice from people who have been in your shoes.

Getting advice from people who have “been there, done that” can save you a lot of heartache—and sometimes a good chunk of change, too. You might feel like you can’t ask questions without sounding ignorant, but there’s no shame in not knowing all the answers. Or maybe you just don’t know who to ask.

That’s another benefit of signing up for Financial Peace University. You don’t have to close your eyes and hope you get lucky with your money. If you don’t happen to your paycheck, it’s going to happen to you. And that’s a recipe for frustration. But when you’re invested in a community that discusses money every week, you feel free to ask the tough questions—and save yourself from falling into a money pit.

Community is a two-way road. There might be a week when you need a little extra encouragement to make it through to the last credit card payment. But then you may turn around and be able to offer that same encouragement to someone else. Community gives you the chance to invest in others and let them invest in you. And that can make all the difference in your journey to financial peace.

Connect with people in your town who are on the same path to beating debt, building wealth, and giving like never before! Find a Financial Peace University class right now.

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