Living deep in debt can be an awful feeling. But it’s not all bad! Learn why this is the best time to learn great money habits.
Paying off debt is like riding a roller coaster. I mean, sure, it has its ups and downs. But the analogy goes deeper than that.
I’m talking about the anticipation of the ride. (That mix of excitement and dread!) Once you’re on the ride, you can’t always see what’s coming ahead. There’s a lot of screaming (maybe it’s joy, maybe it’s regret). And at the end, you’re happy to get your feet back on solid ground.
Let’s not talk about the people who excitedly get in line to ride it again.
Inside: When you’ve got debt snowball fatigue, it seems like your fight will never end! But a few small changes can make all the difference in your motivation.
Probably the most frustrating thing about paying off debt is that there’s no magic wand to poof that will make it disappear in an instant.
When the day comes that we’re ready to face our debt, we want the fight over as quickly as possible.
Unfortunately, that’s not how it works. (Unless you’re lucky enough find a nice windfall!)
Because paying off debt is such a long process, it’s easy to lose your motivation and even wallow in self pity from time to time. That’s perfectly natural! But it’s not an excuse to continue to wallow for long.
When you’re ready to tackle the process of how to get rid of debt quickly, you’ll need to establish some habits to make sure it sticks. Use these ideas to win the fight.
Figuring out how to get rid of debt requires three things: passion, determination, and a willingness to completely change your life.
You know you’ve got the passion when getting out of debt is all you think about. Your friends and family know about the big goal, and they sometimes mention it when you’re together. “How’s the big plan going?” or “Do you want to just come to my place instead of meeting at the bar?”
Side note: if you’ve got friends and family that are supportive like this, be sure to hold on to them tight!
A sign of the right kind of determination is when you surprise yourself by saying “no” to something you usually spend money on automatically. Because you’re determined to get that debt free life you know you deserve far more than any impulse buy.
While I’m a huge fan of January 1st, we usually don’t have any goals written by that date. The last week of December is filled with holidays, birthday celebrations, and seeing how long we can wear pajamas each day. Not a lot of room there for brainstorming our future.
But once the new year begins and we settle back into our routine, that’s when we’re ready to imagine our future.
Setting these goals was the most fun this meeting has been in years! While finishing off debt is the first thing we wrote down, we can see light at the end of the tunnel. We should send the last payment to the credit card companies in the next couple of months.
I'm Jamie, and I believe that you can build your savings, even when life is frustrating. Learn more.
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