How to Stay Motivated to Pay Off Debt

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The word “debt” is a four-letter word that refers to reasons. I’m not here to convince you why you must remove debt. You already know this and that’s the reason you’re here. Therefore, I’m not here to sway you away from you with the debt payday loan issue.

This is the topic we’re going to discuss those times when you’re in the mud of repaying your debt, and are struggling to keep your motivation up. This happens to everyone. It’s difficult to not become overwhelmed when you’re feeling you’re living in a shabby lifestyle. It’s not uncommon to think:

  • “How long is this going to take?”
  • “When’s it going to end and when can go back to normal life?”

Stop Looking at Other Peoples’ Lives on Social Media

You are wondering why you can’t see photos you see on Facebook and Instagram of your friends out and doing all the fun things you’d love to do. You are wondering why your children aren’t having fun or what they are doing the tendency to become bored. Maybe you think, “Why can’t I just take my wife out to a nice meal, this one time?”

It can be a real struggle in the moment you’re fighting to make sure you pay your bills and be responsible while you’re seeing everything happening around you. Remember, you’re viewing the highlights reels of the lives of others through social media.

Let’s go to the core of the matter and how to remain focused when you’re trying to pay the debt off. Certain of these ideas is something you’ve already heard about and that’s fine, but I’d like to give some more information about how you can remain motivated, and give you some new concepts as well.

Setting Short Term Debt Payment Goals

For the beginning, you must have goals. When I talk about goals, lots of people consider, “Okay, I’m paying off my debt. I already have it as a goal.” It’s your goal to get all your outstanding debts paid for. However, you’ll need goals beyond that.

Defining What Debt-Free Means to You

When you begin to pay off debts, particularly when you are in a large number of loans, you have to define what debt-free means for you. When I began writing on the internet, I noticed that many people claimed to be debt-free if they paid all their debts to the point of being debt-free, except their mortgage.

A mortgage has always been a good credit to them, however, it was not for me. Everyone’s got one, they affirm. You must determine the first step, what you consider debt-free. The definition I use of “debt-free” doesn’t permit mortgage debt.

Set Specific, Realistic Goals (when I’m old enough, I’d like to be the ruler of this world!)

If I hear someone talk about their debts, “I need to stop spending and pay that debt off,” and after that, they claim they want to pay off all debts, it’s sort similar to imagining that a man is injured on both legs and decides to try climbing Mount Everest.

Although that is something you’d like to achieve within the next couple of years, you should have shorter-term objectives. There is no way to go from couch to climbing Mt. Everest. What are ways to break down that larger goal into smaller ones? This is what we’re discussing here It is important to set short-term goals.

Setting Short-Term Goals

One of the goals for the near future is the repayment of a personal debt or one that has the highest interest rate or one with a substantial amount of payment that eats in your cash flow every month. You may be making regular payments on student loans as well as your mortgage, and you’re content with that, however, you’re very disappointed with the fact that you didn’t pay your bill this week, when you purchased the huge $4,000 curved screen television with credit.

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