Staying positive whilst paying off debt
By Hayley
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8 Comments
I think setting the small goals to reach your ultimate goal is a great idea! When I started this year (my repayment has been ongoing prior, though), I started with a couple of cc’s that happened to have both the smallest balances and highest interest rates, so they were a no brainer. I think it helps to set these milestones so that it becomes more manageable.
anna recently posted…Telling My Partner I Have Debt
Thanks Anna! It really does feel great when achieving these small goals. It’s easy to forget what I’m trying to achieve if I just plod along making a few repayments here and there. By setting a goal, it does helps me to focus!
I like your positive attitude towards debt lady! 🙂 Everyone is different and I did set a deadline for myself to pay everything off in 5 (hopefully 4) years but that’s because I like to imagine the “finish” line. Good luck with paying off the one credit card by Christmas. With your great attitude, I know you will be successful!
Girl Meets Debt recently posted…Planning for the Future Now!
Thanks GMD! I’ve been a lot more positive about our situation since reading PF blogs like yours! I might set myself a finish line goal next year when I’ve plucked up the courage!
I agree, I think that small goals are so important when you are paying off debt. It helps you stay motivated and lets you see that all the scrimping and saving is helping you make real progress. And it helps big time to find other blogs written by people who are in the same boat or who were able to dig their way out! Best of luck to you, I look forward to following along.
Kayla @ Drowning My Debt recently posted…I Paid Off My Debt, and Then…
Thanks Kayla! I was amazed to find people out there in the same situation as us and it’s really helped spur us on and not feel too bad about ourselves!
The biggest thing about staying positive when in debt is to have the belief that you will one day, be debt free. It’s about seeing the progress of paying it off, rather than just looking at the big mountain of debt in front of you.
I work along the lines of with each and every payment, I get a little closer to the day I owe nothing and I am debt free.
Rob recently posted…How can you get out of debt?
Thanks Rob – I agree – at one time, I didn’t ever think we could be debt free, it just seemed like a dream and we were just going to live like this forever. And that thinking turned into reality in terms of the being in debt for the last 10 years or so! Time to believe that we can be free of it!