How often have you heard of people covering up their debts? Or even worse, going into more debt buying things they don’t need to prove to people that they’re “not in debt.” Too often, this shame someone feels drives them into further debt and causes havoc in other areas of their life. I’m here to tell you there is another way!
Being in debt does not make you a bad or irresponsible person! I mean, if it did, then anyone who is making payments on a car or house is deemed a “bad person.” More specifically though, I’m referring to serious consumer debt. I feel that often times, people who have spending problems cover up their debt or feel ashamed about what they’ve done. If you keep following a pattern of consumer debt and doing nothing about it, then yes, you are irresponsible! But, it’s all about how you deal with your debt. If you realize the damage you’re doing to your finances and do something about it, you learn a tough lesson and move on with life.
If you’re reading this and feel ashamed, you’re not alone! Excluding homes and cars, roughly 50% of the United States have some sort of consumer debt. Whether that’s electronics purchases or fancy clothes, 50% of Americans are making bad choices with their credit cards. Instead of following the herd, be different and get rid of your debts!
Don’t hide it
In movies, we often see characters who do something terribly wrong then try to hide what they’ve done. What ends up happening? Often times, they end up making worse choices, and live a life of guilt. This can be applied to consumer debt. You don’t have to have a weight on the back of your shoulders. Even worse, you don’t want your debt to be your stumbling block for even worse decisions. I don’t know about you but living ashamed of one’s debt does not sound like fun to me. Instead, you really need to put it out in the open. Get your friends and family involved. The worse thing you could do is not ask for help. You’d be surprised at how many people around you genuinely want to help you. If you were ashamed to bring it up, your debt could potentially get worse and worse.
It’s all about attitude. As long as you are willing to work on your debts, you’re headed in the right direction! Like any struggle or bad choice in life, if you take responsibility for your actions, you are one step closer to resolving pain in your life. It’s almost like a detox. You have placed so much poison (debt) into your life, that now you feel overwhelmed. You wouldn’t keep feeding yourself poison now would you? Of course not! Instead, you need to detox, take responsibility, and make paying off your debts a personal goal. I love personal goals because only you can make or break the goal. The ball is in your court, what you do with it is up to you.
After reading this, hopefully you don’t feel ashamed about your debt. Having consumer debt does not make you a bad person! However, if you choose to ignore your debt and keep piling on more debt, I believe that shows the type of character you have. Don’t go down that path. Choose the right way and pay off your debt. Start a budget, live within your means, and you will conquer your debt in no time!