Paying off debt is hard. Really hard. Anyone who’s ever tried it, even those who’ve succeeded, would likely tell you that it would’ve been easier to stay in debt. In the battle for debt freedom you are battling old habits, old mindsets, and often you’re battling at least a few people who tell you that you shouldn’t do it or that you can’t do it. So what weapons can you use in order to overcome the battles that try and keep you in financial bondage? Here are a few ideas:
Keep the day of victory in your thoughts
It doesn’t matter how big your mountain of debt is or how long it will take to whittle it away: the time is going to pass anyway. 5 years, 10 years, 15 years away, it’s going to come. And when it comes, do you want to still be in those same chains that money has held you in for all these years, or do you want to be free (or at least, free-er than you were)?
Keep your day of victory clear in your mind. Take some time, daily, to imagine your life without debt. Where will you go? what will you do? Who will you help? Hold tightly onto that dream and don’t let anyone or anything steal it away from you.
Expect challenges and setbacks
Just get it into your mind right now that you will face challenges and setbacks. Now, that doesn’t mean you have to lie down and take them, but if you’re playing defense in your road to debt-free game playing defense in your road to debt-free game, you won’t get as discouraged or defeated if you’re prepared to face those challenges and setbacks head on. It’s the element of surprise that takes a team down.
Celebrate the small victories
Give yourself a pat on the back for every day that you make a serious effort toward debt-free. And for every time you say “no” to an unnecessary purchase, even if it’s only 19 cents. I can’t emphasize this enough. Every dime you don’t spend is one more dime toward reducing your debt, and let me tell you, those dimes add up real quick.
Surround yourself with like-minded people
Finding frugal friends will only serve to accelerate the reaching of your goal and empower you to stay on course. Hubby and I are blessed with the greatest group of loving, giving friends who all have the same goal: debt freedom and financial peace. That means that when we plan a gathering or an outing, everyone on the list is working to find things that we can do together that are fun and cheap or free. No one says “Hey, let’s go to this restaurant”. Instead, they say “Let’s gather at your house, I’ll bring the meat, you make a side dish or two.”
It’s awesome! And knowing that our closest group of friends will always work to encourage and support our journey gives us a whole lot of strength and a whole lot of peace.
Look on the Internet too for other stories of people who’ve gone before on the debt-freedom journey. They too will inspire and motivate you.
For Motivation: The Power of Freedom
Remember that if you give it your all, it likely won’t take as long as you think it will
Story after story that I’ve read about those who’ve accomplished debt-freedom have verified this truth. When we decide to be truly good stewards of God’s money (and it’s ALL His money), He will bless and accelerate your efforts because you’re in line with His will.
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Know that it’s never too late to start
No, you’re not too old, too in debt or too late to start making a better financial life for yourself. Start today. Every step makes a difference.
With commitment to take little steps toward financial freedom every day, and commitment to continuing education, you can do this.
What are your crucial tools for winning your war against debt?