Alright, “5 Reasons You Won’t Get Out of Debt” is sort of negative and off-putting title, especially since I’m usually a very positive person. But the main reason for the tone of the title is to highlight some of the typical “reasons” I hear from people who are unhappy about their debt situation but never seem to really do anything about it.
Probably just about everyone with a functioning brain knows that when it comes to money, being debt free is always better than being in debt, but when I ask them why they have not made a sincere effort to erase that debt from their lives, I start hearing pretty common list of “reasons” (excuses) why they haven’t done it.
So if you DON’T want to get out of debt and you don’t want to change your financial life, here are some excuses you should probably be using:
I Tried it But it Didn’t Work for Me
So once upon a time you finally convinced yourself that paying off your debt was a good idea and you even decided to try it. Well, if you really didn’t want to get out of debt, then you probably did not to fully commit to the process. You never made a concrete plan or a budget. You would have only halfway tried it, then over a few months time you just fell back into your old habits.
Point: You have to completely commit to the process if you want to get yourself out of debt. So if you don’t want freedom from debt, then commit to using this excuse, and whatever you do, don’t commit to the process of paying off your debts.
I’ve Just Never Gotten Around to Starting It
This excuse is for the person that has never seriously thought about getting out of debt. Sure, you know it’s a good idea but hey, you have other things to think about, like how to make money to pay your car payments, the credit card bills, and that latest find for your vintage Pez dispenser collection.
Point: If you don’t want to get yourself free from the shackles of debt, then do everything you can to find ways to spend your time that keep you from thinking about and addressing your debt situation. The more you distract yourself with other things, the less you have to think about your debt.
I Don’t Really Know How to Get Myself Out of Debt
This excuse is an example of a lack of education. Sure, you want to get out of debt, you know you need to get out of debt, but how do you do it? You keep wondering how for months and years but you never try to read a book, attend a course, or read blogs and other resources on the internet. Since you never find out how to do it, you never take action and you never get out of debt.
Point: If you want to keep yourself in debt forever, you certainly shouldn’t educate yourself on how to get out of debt. Don’t even think about reading Dave Ramsey or Gail Vaz Oxlade books or going to that personal finance course, and absolutely, positively stay off those personal finance blogs.
Isn’t Debt Just a Normal Part of Life?
You’ve decided that being in debt is just a normal part of life. You tell yourself things like, “Life is expensive right? I’ll never have enough money to pay cash for everything. I have to have credit to buy everything I need. I have to use my credit so I can keep up my credit score (at least that’s what the credit card companies say I should be doing).”
Point: Go ahead, give in to the debt slave mindset. The credit card companies would certainly never give you more credit than you can handle. Besides, who better to rely on than a credit card company or a bank to give you unbiased financial advice?
I Just Don’t Like Change
Just like most people, you’ve amassed a pile of debt over the years. You don’t really want to be in debt but you’re afraid you might have to actually do something different to eliminate it. You may have to make some sacrifices or change some habits. Getting out of your comfort zone is uncomfortable.
You want to stay in your comfort zone so you’ve decided to nestle down deep into the comfortable feather bed of debt slavery, peeping out from under the comforter at the outside world and wondering what life would be like out there in the world of debt freedom, but you never leave the bed, because change is hard.
Hooray for you!
There is Hope
Yeah, I know some of this sounds a little ridiculous and over the top, but the lies that we tell ourselves when it comes to money will always serve to work against you.
But what happens when you start telling yourself the truth and then take action to make that financial truth a reality in your own life? What happens when you stop the excuses? What if you actually could get out of the bondage of debt slavery?
I’m here to tell you that you can. There is hope, and it’s available to you.
Stop the excuses…
Guest Post By: Dr. Jason Cabler is a Christian personal finance blogger at Celebrating Financial Freedom. He teaches people how to live and become debt free using solid Christian and common sense principles.
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