Are you on the getting out of debt journey? Are you wondering how to get out of debt?
Getting out of debt is one of the main reasons many personal finance bloggers do what they do. The road to debt repayment is covered extensively on Debt Free Adventure and Man vs Debt. Simply put, paying off debt is a topic that brings many people together.
The other day after my intense work out I came home to drink a protein shake. A few hours went by and caved to temptation. I had a bag of Doritos. I know that there is no justification for eating such junk, especially when you are aware of the negative affects of such food. With that being said I am fairly content knowing that I’m conscious of what I eat, despite having many flaws in my diet.
Every day that goes on I’m financially tempted to blow money on something. Often I do cave in and find myself buying stuff I really shouldn’t buy. Once again I’m content knowing that despite the many flaws in my financial system, I am still on the right track.
What is the point of all of this?
How does this all tie in?
I wanted to to discuss the road to debt repayment and the process of getting out of debt in general.
Are you on the road to debt repayment?
What do I exactly mean by this?
There are many ways to get out of debt and unfortunately all of them involve hard work and sacrifice.
Your debt is decreasing. You are using a debt elimination method that is perfect for you. You have consolidated your student loans. You are starting to notice results. Every month your debt is lower and lower. You still have debt but you realize that it will be eliminated in the near future. With a few holes here and there, you are fairly aggressive towards paying off your debt.
You’re slowly starting to consciously spend. You are at the point now where you plan most of your major purchases ahead of time. You won’t do any research before buying a sandwich but you will definitely check all sources when looking into a new cell phone. You know where your money goes a majority of the time and you are proud to have come this far.
You’re better with your money but admittedly you still do splurge on occasion. The road to paying off your debt isn’t a smooth one at all. There will be plenty of curves, bumps, and possible accidents. Once in a while you will cave to all temptation and purchase something you didn’t plan for it. Don’t let this discourage you or bring you down. You are still on the journey to get out debt. You are only human and mistakes will happen while trying to get out debt.
Getting out of debt fast is perfect but… It won’t always work out as planned. Everyone reading this would love to get out of debt now but unless you get rich quick, it doesn’t look likely to happen. If you currently find yourself getting out of debt slowly, please don’t fret. You’re not the only person that had to wait to get out debt. It took you many years to acquire this debt and now will take you a few years to pay it all off.
Are you on the getting out of debt journey? If you are, please share you story. We want you to get out of debt fast so that you can move on with the rest of your life!