Eliminating the Excuses Keeping You in Debt

The human mind is a wondrous thing. Capable of rationalizing any situation, it can help us find solace in even the direst of circumstances. However, it can also help us find solutions if we ask it the right questions.

Rather than using your mind to justify your debt, employ it to figure out how you can get rid of your debt. This will task your brain with eliminating the excuses keeping you indebted, rather than trying to make you feel OK about owing money.

Here are some of the most common excuses — and why they don’t hold water.

I Don’t Have Enough Money

People who have convinced themselves of this are usually operating without a spending plan. If they had one, they could see exactly how much they make, how much they owe and what their expenses are. This would help them channel their funds to more effectively deal with their debts, while still meeting their needs.

What’s more, if in fact it turns out they don’t have the money, they’ll at least know how much more they need to make to solve their problem.

Everyone Has Debt, So What?

While it’s true the vast majority of Americans do have some form of debt, that doesn’t make it a healthy thing. The benefit of a debt-free life greatly outweighs the temporary comfort avoiding facing up to your situation gives you. Long-term peace of mind, the freedom to quit a job you don’t like, and the ability to live wherever you want makes getting out of debt worthwhile.

I’m in So Deep, It Doesn’t Matter Anymore

Hopelessness is a powerful force, one that can easily push you into a state of abject despondency. However, you don’t have to go it alone. If you’re missing payments because you can’t afford the minimums anymore and you don’t know what to do, it’s time to call in some expert assistance. Organizations like Freedom Debt Relief specialize in helping people in your exact situation work toward settling unsecured debts for less. They’ve seen it all and can often help you find a way, even when it looks like there’s no way at all.

This Is a Great Deal, One More Charge Won’t Hurt

There will always be great deals. The economy is predicated upon them. They pop up every day. Further, there’s always going to be something new to want. You’ll always have a debt problem if you constantly succumb to that temptation. Besides, great deals aren’t such great deals when the associated interest charges are added to that amazing price.

It’s a Rewards Card, So I Get Paid to Shop

Sure, you’ll get a percentage of cash back or some other reward on each purchase. However, if you aren’t paying it off in full before the interest charges are applied, you’re losing money every time. The actual price will be higher and the interest you’ll pay will far outweigh any benefit you’ll get. In other words, it’s a trap; don’t go for it.

Something Will Happen — It Always Does

Optimism is a beautiful thing. It’s what gets us out of bed even when we have to face seemingly impossible undertakings. However, optimism without action is a recipe for disaster. It’s fine to have faith in the universe, but you also have to help the universe along. Sitting back and waiting for something to fall out of the sky will only get you rained upon.

Eliminating the excuses keeping you in debt is a great first step. You have to get in it to win it.