5 Reasons You Won’t Get Out of Debt

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 […]

Top 6 Reasons People Go Into Debt!

Why do people go into debt? Well, over the years I have seen it all, heard it all and lived through most of it! I’ve come up with my list of why people go into debt but realize this list could be much larger. Your debt load depends solely on your own situation as people who have a high debt load are there for their own reasons. I’m not here to say what is right or wrong or to point fingers, rather simply to share the most common reasons that I have come across in my years. Reasons Why People Go Into Debt 1-Divorce or Separation- When couples split they don’t realize the amount of debt they can incur when dealing with lawyers, real estate agents or spouses debt etc. Factor in child or spousal support and that can take a big bite out of your pay leaving you short to pay the bills. Keep in mind money is the number one reason couples fight and split up! Rebuilding life and finances after a divorce is possible but like anything is a journey to a destination. 2– No Budget– I’ve said it over and over but a Budget is imperative no matter how much money you make. Some people […]

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