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
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!