If you’re closing the year out with a lot of financial headaches, don’t worry — we completely and totally understand where you’re coming from. It can be very hard to keep a smile on your face when you’re still struggling with so many different debts that are all demanding to be paid. When you feel like you’re drowning in debt, it can be hard to be positive. You might feel that the world is working against you — why couldn’t you be as lucky as somebody who doesn’t have to think about debt all the time? Yet you were put here to make an impact, and you know that you could do that if you didn’t have so much debt. Instead of feeling bad for yourself, you’re going to have to eventually shake it off and work as hard as you can to get out of debt. There is something to be said about getting out of debt — once you do, you feel like the world has opened up a whole new set of doors for you.
Now, this isn’t to say that getting out of debt is easy by any stretch of the imagination. It can take people a very long time to get out of debt. They might feel that they’re never going to get out of debt, but this isn’t the case at all. What you will find is that when you really and truly need to get out debt, you’ll do things in a completely different way.
One of the first things that you’ll need to do here is make sure that you see exactly where you are. It might sound painful, but you’re going to need to figure out how much debt you actually have left. Some people never do this, and they end up hacking away at debt without really seeing where they stand. You might feel that it makes it easier if you just don’t know how much debt you’re in. However, when you don’t have solid numbers, you tend to just pull numbers out of thin air. You tend to feel confident that you can spend “just a little bit more money” and still be okay month to month. What you’re buying yourself is purely a poverty lifestyle, and that’s nothing to write home about. What you have to do is make sure that you’re always looking at the bigger picture, always. This will keep you in check and make it a lot easier to figure out exactly what you’re going to do and how you’re going to pull it off.
There’s nothing like being able to get things under control. There’s nothing like finally looking at the nightmare in your life — chances are good that you’ll see little ways that you can start working on your debts. Chances are good that you’ll start seeing the future open up. But you have to take that first step.
Cutting into your budget will be difficult at first. We all have things that we think we need, only to find out that we really didn’t need them that much in the first place. You might think that you need to go out and about with your friends to dinner and the movies, but what if you cut back on that? It would help you get your debts paid that much sooner.
Your local Citizens Advice Bureau can give you more information on topics like debt consolidation or even bankruptcy. These are steps that need to be taken with great care. As much as you want to get out of debt, you need to make sure that you’re going to be fully committed before diving into any type of plan that’s going to change your lifestyle. Good luck and remember — you don’t need to give up, ever!