This blog post is part of the Pay Down My Debt (PDMD) blog tour, sponsored by US Equity Advantage. PDMD is a solution that accelerates debt payoff and helps consumers monitor their credit and make smarter purchasing decisions. If you’re looking to pay off debt find out how they can help. If you’re looking to pay off debt find out how Pay Down My Debt can help.
One of the things I realized early on when I went looking for answers on how to get out of debt, it was going to take major changes in my behavior to overcome a $109,000 hole my family and I had dug for ourselves.
Discipline was a word that often surfaced, and others used to describe what it takes to turn your money mindset around. Often people make the weight loss comparison to debt reduction. If you’ve ever tried to lose a few pounds, you know what it takes to skip over the cookies or make healthy choices when eating, self-control.
It was why when I started to blog I named my site “Debt Discipline” because I recognized how big of a part the behavior piece was in personal finance. The math part is fairly easy, breaking bad habits is something total different.
Working towards any goal like getting out of debt will be meaningless unless you have a reason to do it. Defining a “why” will help keep you focused and motivated. Our why was to stop living paycheck to paycheck, build a better financial future for our family and teach our children better money habits.
Even with the goal in place and a why defined it will not be easy. Making change will take sacrifice during the journey of debt repayment. Remember the first week of any diet ever? Feeling hungry at night, well you will have similar struggles when curbing your overspending. However, do you remember the first time you stepped on the scale and realize you dropped three pounds? Instantly the hard work was worth it. It the same when it comes to your money.