Sometimes debt can’t be helped. Medical emergencies, the loss of a job, natural disasters, poor choices . It happens. Climbing out of debt? That can happen, too. It’s not always fun, and you likely won’t see success overnight. However, with perseverance and creativity, you absolutely can choose to work your way to the black.
I’m fully convinced that we all make choices about debt. Want out? You have to choose to claw your way out! Choose to change your lifestyle, give up non-necessities, rethink your needs and how you spend your time. If you have debt and you refuse to change your lifestyle to get out of it, you are in essence choosing debt.
If you refuse to purchase a quality used vehicle, insisting instead on that brand new SUV, you might be choosing debt .
If you refuse to use readily available coupons for items you already purchase, you might be choosing debt.
If you refuse to reduce your pricey cable or cell phone plan, you might be choosing debt.
If you refuse to give up your weekly (three times a week? four?) dinner out on the town in favor of a simple meal at home, you might be choosing debt.
If you refuse a once-in-a-while supper of beans and rice over your favored grilled steak and potatoes, you might be choosing debt.
If you refuse to bypass Starbucks without your favorite indulgence, you might be choosing debt.
Obviously, none of the above scenarios are a ticket to get out of debt free. Giving up your daily latte isn’t going to get you out of debt today. But not giving up your daily latte is a choice. A choice that says “My debt is okay. I’m choosing this and it’s working for me.”
Are you choosing to stay in debt or to climb out? Are your actions supporting your choice?
Linked to Frugal Friday.