Debt Can Take a Real Toll On a Homeowner Financially. Here’s How To Get Out Of Debt (And How To Not Be Miserable During The Process)

o-debt-free-facebookWhether we like to admit it or not, money does control most aspects of our lives. It determines where we live, what we live in, where our children go to school, whether or not they have insurance, how we get to work, and our education; just to name a few. If you’ve never been in financial debt before, it is near impossible to comprehend the feeling of hopelessness that goes along with it. No matter how you’ve gotten into debt the feelings are all the same, whether it was accrued from unexpected medical bills, divorce, loss of a job, or simply overspending on unnecessary

Denial is a scary place to be when it comes to debt. Some people keep spending even though they know they are in trouble. They know they’re in deep water, but not exactly how deep because they are too afraid to look at their balance. Facing the debt, in these circumstances, is usually put off by this type of person until foreclosure threats, denial of new credit, or legal action is attempted. If you’re in denial, don’t let it get this far! kredikart

Just because the person is in denial does not mean that they are living worry free. They know they are in trouble and because of this, they are in a constant state of stress and worry, wondering how they are going to pay their credit card bill on top of all of their other bills. This starts to cause eating problems, sleeping problems, and relationship problems with significant others or friends. Many people in debt are too ashamed to tell someone what is going on, so the unusual behavior goes unexplained.

At some point, the person usually becomes angry as they start to move blame to someone else to feel better. Maybe their friends for ‘making’ them go to dinner all of the time, or their wife for redecorating the living room. The only way to get relief from debt is to face it. You have to ask yourself how you are going to deal with the challenges to get out of debt, and also address how you are going to handle the current effects of your debt on your emotional life. You are not going to crawl out of debt overnight, and in order to successfully overcome the situation, you have to have a healthy mindset.

Comments (2)

  1. Elise

    I don’t think there’s any worse feeling than being in debt. That’s pretty much all I have to say on the subject.

  2. Christopher

    Amen. I can remember the day I officially dug myself out of it and paid my last credit card bill. That day was better than the day my son was born.


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