Seems too much... Am I alone?

iVillage Member
Registered: 12-29-2012
Seems too much... Am I alone?
6
Sat, 12-29-2012 - 7:43pm

I just feel like it's too much... that we'll never get this $40k paid down.... We consolidated half into a loan that will be paid off in 4 years and then the cards immidately cut our credit limits and closed accounts. Now our score is worse than when we started and we still have heavy debt and no credit relief. We also pay so much a month in payments that we have very little for the life surprises. I feel done... like it's too much and I can't get ahead. I feel overwhelmed and a failure... Sorry to dump but this seemed a safe place to be perfectly honest.

iVillage Member
Registered: 12-31-2010
Wed, 01-02-2013 - 1:59pm

Melody -

This is the PERFECT place for that dump, and the many more you may have along this journey.

Getting into debt is pretty easy and quite fun, getting out is a lot harder and not as much fun.  But let me tell you that the people here will help to motivate you and keep you going. 

Everyday we see people in their 50s and 60s who will not be able to retire as they plan.  And it is not people who were heavy spenders, they are just people who tried to raise a family, work, educate their children and have a modest life.  They wish they could go back into their 30s and 40s and cut back spending, save for college for kids when they were little instead of buying all the toys, and would have paid off their home or bought a smaller place. 

Regardless of what the credit companies say, getting rid of debt is a smart thing to do.  The mental freedom that comes with less bills and having to work to pay them, allows you to pursue your dreams.  Many times it is those dreams that allow you to be most successful, both in your heart and wallet.

One step at a time, come here for support, or just to whine - we all need a place to vent with friends.

Huggs, and Happy 2013

 

-Marie

#Marie
iVillage Member
Registered: 12-31-2010
Wed, 01-02-2013 - 1:59pm

Melody -

This is the PERFECT place for that dump, and the many more you may have along this journey.

Getting into debt is pretty easy and quite fun, getting out is a lot harder and not as much fun.  But let me tell you that the people here will help to motivate you and keep you going. 

Everyday we see people in their 50s and 60s who will not be able to retire as they plan.  And it is not people who were heavy spenders, they are just people who tried to raise a family, work, educate their children and have a modest life.  They wish they could go back into their 30s and 40s and cut back spending, save for college for kids when they were little instead of buying all the toys, and would have paid off their home or bought a smaller place. 

Regardless of what the credit companies say, getting rid of debt is a smart thing to do.  The mental freedom that comes with less bills and having to work to pay them, allows you to pursue your dreams.  Many times it is those dreams that allow you to be most successful, both in your heart and wallet.

One step at a time, come here for support, or just to whine - we all need a place to vent with friends.

Huggs, and Happy 2013

 

-Marie

#Marie
iVillage Member
Registered: 10-09-1999
Mon, 12-31-2012 - 1:07pm

Yes it can be overwhelming, but you do have a plan & it sounds like you put some thought into your consolidation loan & put a plan in place to get out of debt.  You are so far ahead just by having a plan, knowing how much debt you have & vowing to stop the debt cycle.  You CAN do it.  Things that are really worthwhile are often times very difficult to achieve but by cutting back now you will be putting yourselves into a much better place.  Try not to dwell on it too much & enjoy the things you do have!  This maybe a good time to start taking walks outside & enjoying nature...doesn't cost anything but can be very healing & give you an outlook & energy you don't have now.  I know you can do it, just keep keeping on!!!

The very best of luck to you in 2013!!

cindylee

iVillage Member
Registered: 10-01-2008
Mon, 12-31-2012 - 10:09am

No, you are not alone.  Besides the few people you see here on this board, the world in full or struggling people.  You have to take it one week at a time, or a day.  I myself have been on a five year journey and have a little over one year to go.  If I can do it, you can too!   

Hang in there!  Remember you didn't get in debt overnight and you don't get out of debt overnight either.  Drop back by often with questions or just to lean on a shoulder or two.  

iVillage Member
Registered: 02-19-1998
Sun, 12-30-2012 - 1:15pm

I understand completely. Everytime I start to work on paying down the credit cards life intervenes. Starting Jan. 1st our health insurance has a high deductible and my husband takes a number of expensive prescriptions. Plus his car died in November. Due to the insurance issues we can't buy a car right away but we are borrowing a friend's old truck. I had started to put away money in an EF but that will be used for the health expenses instead.  We will end up breaking even I think after our tax refund and my last bonus in March but that is not in a while. In the meantime my one card is going down slowly and the other is hardly budging due to the high interest. But I am planning on finally getting my courage up to call them to get a lower interest rate next month.

Just letting you know that a lot of here are in the same boat. Big hugs.

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Avatar for poorboy2011
iVillage Member
Registered: 10-02-2011
Sat, 12-29-2012 - 9:11pm

I frequently feel the same. I try to remind myself that this is a marathon, and there will be setbacks. Some will be caused by life's twists and turns. That just means more time. Hang in there, and good luck!

iVillage Member
Registered: 12-23-2005
Sat, 12-29-2012 - 8:20pm

I think we all feel like this at times!! I feel like this more then I don't .Debt can be so overwhelming. Mandy