Staying Positive During Debt – A Quick Guide

It seems like there’s nothing more stressful or depressing than being in debt. You become overly concerned about spending money, uncertain about your financial future, and feel guilty and insecure all the time. I’ve seen people succumb to such feelings, and ending up even worse than before. So, it’s very important to you that you keep staying positive during debt.

how to staying positive during debt

Yes, I know that it’s next to impossible to see the flowers and rainbows when you are getting red notices by mail or when three-thirds of your monthly income goes to money lenders. Believe it or not, your thoughts about finances, and your mindset when approaching financial problems, play a huge role when it comes to paying off debt. Do you know what people who become debt free have in common even when they come from vastly different societies? Their can-do positive attitude, of course.  Now, read ahead to find out what you can do to stay on the bright side of things and not let debt destroy you.

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See Debt as a Problem You Can Fix

Most people in debt believe that they will never be debt-free. Thus they let a vicious cycle of borrowing money to repay borrowed money consume their lives. Don’t ever think that debt is too much, and that you will never be free of it. You can pay off debt, no matter how high the interest rate is, once you make a budget plan and stick to it. Debt is not an invincible monster. You can defeat it. This is the key to staying positive during debt.

Imagine Being Debt-Free

It doesn’t hurt to dream once in awhile. When things get too rough, you can stay positive by imagining a future date that you will be debt free. Of course, you should have a plan in hand to do this. It doesn’t work if you simply do nothing and hope your debt will be solved somehow miraculously in the future. Look at your budget plan and calculate the date when you will finally be able to pay off all the loans. Look forward to that date, and stay motivated.

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Do Things You Like

While it’s important to be frugal and not waste money on entertaining yourself when in debt, it’s also equally important to do something to feel better once in a while. You can try free or low-cost options to feel good. For example, if you halted going on vacation because of debt, you can go to the local park for a walk and a picnic to enjoy time outside the house. If you cannot afford eating out anymore, try experimenting in your kitchen. Do things that you like that won’t leave a dent in your budget.

 Being Grateful And Staying Positive During Debt Are Key

In addition to the above, be grateful for the things you have or things you’ve gained. For example, if you incurred debt because of a student loan, think about all the things you were able to achieve because you went to college. Debt right now may be bad, but loans did help you with finances once. Think of the glass as half full, and you will eventually be able to achieve that life goal of becoming debt free.

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How I Overcame Debt That Left Me Depressed, Destitute and Divorced – A Success Story

I thought myself extremely lucky when I was in my early twenties. I was able to go to a good university without worrying about money thanks to the college fund my parents had started the day I was born.

As soon as I graduated with a bachelor’s in science, I got accepted to a highly sought after internship program with a big-name company in New York.

On my 25th birthday, I got married to the man of my dreams (at least that’s what I thought at the time), whom I’ve been dating since my freshman year.

Everything was going well, at least until I decided to get a graduate degree.

how to overcome debt

I wanted to get a master’s degree so bad because I thought it would give me a leg-up in the competitive field of work I’m in. I also thought it would open up amazing opportunities for networking and research. So, imagine my elation when I got accepted to a top-tier university on the west coast.

The only problem was, the tuition was way above the pittance I was earning as an entry-level employee. It was way beyond the financial capabilities of my parents at the time. So, I thought it was perfectly fine for me to take out a student loan. By the time I finally got my dream degree, I was over $100,000 in debt.

How To Overcome Debt During A Recession?

The master’s degree didn’t help me secure a six-figure job right away as I had hoped. It was also after the Great Recession, and jobs were scarce. Around the same time, my husband and I had taken out car loans and a mortgage for a four-bedroom house. About two years into our marriage, we had borrowed so much for our future, but our income had barely budged from what it was when we graduated. Regardless, the loan bills kept coming.

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They say the early years are a crucial time for a marriage. When we were dating, my husband and I got along well, and we never had a serious fight. It all changed as our marriage matured. We found out that we couldn’t really agree on anything regarding managing our finances. We couldn’t agree on how to pay the mortgage, and we certainly failed to pool our resources together to get out of the debt we were in. My husband blamed me for taking out a huge student loan. I blamed him for the mortgage (I insisted that we should rent until we were more financially secure). My marriage fell apart little by little, and I was divorced before my thirtieth birthday.

Depression And Alcohol Went Hand In Hand

I fell into a deep depression. Nothing was working out. My career was going nowhere, I was neck-deep in debt and my happily-ever-after was ruined. During these days, I had only Jack Daniels to rely on. I ended up missing loan payments, and red notices and late fees were common in the mail I received. I was too embarrassed to ask my parents for help. It was a dark, dark time. And I really wanted everything to be better like it used to.

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So, one day, I got off my couch, rid the fridge of all the beer bottles, and called my mother. I spilled everything to her, and she drove across state lines right away to help. We were going to put everything back together, she said. Over the course of several months, my mother helped me make a budget plan to put my finances back in shape. We hired a lawyer to advise me on negotiating overdue payments. I managed to get a loan extension and save myself from bankruptcy.

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Today, my career and love life may still be in shambles, but I can ecstatically say that I’m debt free, all thanks to my mother. This is a piece of advice on how to overcome debt most people don’t get —talk about it with someone you trust and get help. Nothing in human existence was achieved without help. If your debt has become too much to bear, do what I did, and find someone to help you with it.

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