Make Debt Easier to Manage with These Helpful Mentality Changes
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Make Debt Easier to Manage with These Helpful Mentality Changes

Debt is often seen as a financial problem that we rather not get involved with. It can ruin lives, it can destroy businesses and even get you into serious trouble with the law if you aren’t careful. However, as much negativity as there is around debt, virtually everyone will eventually end up in some form of debt unless they’re incredibly rich.



For starters, how about those mortgages that we have? That’s essentially a glorified way of saying you’re in debt. Then there are student loans–it’s a form of debt as well that is currently ruining the lives of many people around the world because they still can’t find a job despite investing in their education. Those are real issues that make handling the idea of debt difficult, but you’d be surprised at how effective and powerful a couple of mentality changes can be.

Make Debt Easier to Manage with These Helpful Mentality Changes

Ask Yourself Why You’re in Debt

One of the biggest turning points that will change the way you view your money and your financial situation is realizing why you’re in debt. Take a look around to see your possessions, look at the way you spend your money and how you use it for various everyday essentials. Usually, it’s not the cost of living that is putting people in debt, but rather the high cost of maintaining their lifestyles.

You need to take a step back and realize that the reason you’re in debt, despite holding a stable job and not having expensive commitments, is because of the way you live your life. Whether it’s the amount of money you spend each day on entertainment or how much you pay for each meal, it’s important to take a close look at your money and where it’s going.

There’s Such Thing as Good Debt

Yes, contrary to popular belief there is such a thing as good debt. You need to realize that debt is an investment. Whether it’s paying for a vehicle, a house or even your education, the debt you get into usually means you’re risking your financial situation on some kind of investment. For some people, that investment pays off. It could be short term loans that help you fund a business idea or help you pay for an emergency home renovation that improves your quality of life, or it could be a long term loan that helps to secure a better way of living when you’re older.

No matter how you slice it, debt is still money that you owe and it’s important to never accumulate too much. However, it’s perfectly fine to accept that debt can be a good investment as long as you’re willing to change your mentality and see it from a different angle. There are companies and entrepreneurs that accumulate lots of debt just to turn it around because instead of letting it get to them, they understand debt as a tool to help them become successful in the future.

So if you’re in a slump due to your debt, follow these tips and you might find that it’s easier than you think to manage your financial troubles.

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Make Debt Easier to Manage with These Helpful Mentality Changes

This article has 14 comments

  1. daniellecrown1

    I am learning so much about this now – My husband and I finally got a credit card a few years ago – we always pay cash for everything. We pay it off in full each month but are now building positive credit.

  2. Joan Cajic

    This is really helpful, I agree with there’s no kind of good debt. It’s always DEBT at the end of it all.

  3. mrscaudle1011

    This is great! I don’t have any cc’s, I’ve been trying to get a house. Once i started making changes, I saw a vast improvement.

  4. Andrea

    Trust me I get this, I am still paying off my student loans from culinary school. they haunt me LOL. But slowly the big amount is lowering itseld daily. Thanks for talking about debt and how to manage it.

  5. Annreeba

    This is really great and helpful. It is also important to realize why you’re in debt.

  6. My Dee Dee's Diary

    I really appreciated this information. I honestly don;t think that any kind of debt is ever good lol

  7. MaLee @ This Blue Dress

    I agree with the good debt! Though I hate having student loans, I see them as a necessary evil. My church counsels that you should only go into debt for things like education and a home and get out of debt as quickly as possible.

  8. Rosey

    Being in debt can cause a lot of domino affect changes. Most of them so not good. Best to manage it quickly if you can, I definitely agree, and yep, a lot of the changes to a higher road for financial stability come from making mental changes!

  9. Rose Mont

    I am in a love hate relationship with my student loans. I am trying to be responsible and do the right thing. Even though I don’t think it will ever be gone.

  10. Fely

    Debt is debt and too much can be stressful. I’ve been there and never want to be there again. You are right it was the way I was living life

  11. toastycritic

    I know debt can be a necessity at times, but it always seems to be stressful. You owe something to someone else and you hope you can pay it back. But you do need to know the kind of debt you carry and why you carry it in order for you to get out of it.

  12. Laura Dove

    Great post. Debt is a real worry for me, we don’t have a lot of debt but we do have some credit card bills which worry me. I try to ,ask sure we are paying them back regularly and staying on top of our outgoings!

  13. Kiwi

    Debt can be a scary word for many. I didnt realize there is a such thing as good debt but this is good info.

  14. Chuck Vargas

    Agree with all of these. People have different reason why they are in debt but these are great points to manage it

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