When you are in debt, especially when you owe more than what you earn, it can seem like you will never get yourself out. Debt is a trap that can sneak up on you. You don’t think it will be a problem and then like a hunters trap, it has you. You are caught with nowhere to go. How are you going to get out? You owe, a car company or two, then there is a major credit card not to mention two or three store cards. The debt keeps piling up and you are sinking lower and lower. How will you ever get out?
It is easy to think borrowing more can help. Those in the situation may turn to payday or other risky lenders to pay bills. The problem is that using such loans, only create more debt. Thus digging the hole deeper. Even the savviest of us can get caught up in this cycle. Even those that may have been through Dave Ramsey’s no debt classes. It takes discipline and courage, to say no to debt. Even when we are faced with certain needs and dare I say it, even desires. Especially desires to try to make your spouse happy.
So what can one do? Bite the bullet, spend less than you earn and pay down those debts. No matter how hard it may be, in the long run, you will be happier.
— go ahead share your thoughts with me now, my ears are open. I’m always eager to hear what you think.