How do you feel about your debt?
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How do you feel about your debt?
| Tue, 12-08-2009 - 3:44pm |
I've been talking with a friend about this over a couple of days and it's remarkable to me how my own feelings can change from one day to another. You guys get an inside look on how I deal with it through my blog, but I'm just curious how everyone else feels. Does it get you down or are you feeling good about tackling it? I know there are a million ways other ways to feel - heck, I've probably felt most of them. How are you handling it? Do you find yourself feeling more hopeful or hopeless as time goes by?



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My debt is
Kate
There are days that I do feel hopeless, wake up in the middle of the night wanting it to be paid off sooner rather than later. I find myself at work some days
Well right now our only debt is our mortgage.
I also feel empowered by the fact that I have a budget and I have control over my money and I get to tell it where to go and what to do.
stacy
Well said, Stacy.
Kate
I feel really hopeful despite my huge debt...
I think that it is doable but I also have the security of decent retirement savings and at least 175k of equity in my home...
I am really comitted to doing this and I hope to have my consumer debt paid off in five years...
Duke
I do feel like talking about my past and present debt problems is in sort a 'therapy' for my mind.
Norma
"Patience is the best remedy for every trouble"- Plautus
I have a love-hate relationship with my debt journey. I think I beat out Sybil in terms of the number of debt personalities I have: dejected, hopeful, intensely motivated, depressed, overwhelmed, frustrated, angry, proud, excited, disgusted, scared...and the list goes on. One day I'll calculate a debt snowball and get excited about completely paying off seven debts in a year-and-a-half, the next I'll be freaking out over how we're going to make the mortgage payment. It's a roller-coaster.
This time last year, I was feeling pretty good about our situation. I mean, we were still under a landfill-sized pile of debt, but we were maintaining comfortably. Then DH's work dried up, my company started paying later and later, and I took a salary cut. It's been a rough year, to say the least, and my confidence has definitely taken a hit. But I'm going to continue to scratch and claw and work my way back to a point where we're at least maintaining again...then obliterating the debt...then racking up that 6-month (or, for our situation with DH's fluctuating workflow, one year) emergency fund. I'm hating it right about now, but I'm going to do it.
Thanks for this thread it is a really good one and could be theraputic to all of us.
Did you know that U of M has a discipline that studies the psychological
How do I feel, How do I feel.
Like some of the previous posters my mood fluctuates day to day.
One day it could be "Oh you have done so much in the last year and half and you are only picking up speed. You have paid off so much debt and have run your business on your own for over a year now, learning, paying off personal and business debt.You even have savings now!"
The next day it could be "I'm never going to get what I truly want. You can't even start saving for what you want for another 2 and half years. This journey is too hard even after 2 and a half years of starting over(divorced) it is like you are just beginning. I am a failure and everyone I know is farther ahead financially than me by far at my age"
I try to concentrate on the positive. Sometimes those bad feelings overwhelm me. It could truly be worse. It was worse and I made it better. I will make it even better next year. Maybe I will feel better then?
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