When one is heavily in debt or have over-extended oneself, this can certainly cause a large amount of stress and affect every area of your life. Debt can be accumulated through credit cards, student loans, business loans, car loans, mortgages first or second, or small to large ticket items and at times this can be simply what some call everyday living. Clearly a lot can happen over the years and debt can build up. It can become very frustrating and create pressure on personal relationships, career, family, health and can lead to illness.
Here are 4 tips that may help provide you with some relief of the debt-related stress:
1. Focus on the big picture – you can become overwhelmed and frustrated while paying off debt which causes you to lose focus of the big picture. Remember your debt is only temporary if you stay focused. Allow yourself to focus on your emergency funds and retirement, imagine the extra money you will have once your debt is gone – in other words don’t lose the focus on the big picture.
2. Remember the why – the why is the big reason for striving to be debt free. Everyone has personal goals, focus on what those goals are and remember the why.
3. Make room for rewards – you cannot stop living just because you have debt. Celebrate those big wins with small rewards, set up a system based on your goals and then treat yourself when you accomplish them, so if you have a goal for paying off $1,000 in debt in 6 months and you pay it off in 3 give yourself an extra treat. Just make sure your goals are realistic.
4. Pay off debt like it’s a game – if you think of it as a game (and maybe include some of your like-minded friends and family) you can see who reaches the finish line first. Getting out of debt is more about your attitude than your finances, be a debt-fighting warrior and you will win the game.
When you start to utilize these tips you will feel a little less stressed and less frustrated, and perhaps a little more excited when you see the light at the end of the tunnel.
Want to read all of the blogs from this past week? You can read them all in full here.
Do you need some stress relief, debt counseling, or a better financial plan? If so contact me today and let me help.
Mavis Kelley, CHHC, AADP is a Certified Integrative Health and Wellness Life Coach specializing in nutrition, health, well-being, fitness and lifestyle design. For more information or to schedule a breakthrough session, please contact her at: Mavis@nspirehealthyliving.net or visit her website at: http://NspireHealthyLiving.com.