Staying Hopeful While in Debt

Financial stress caused by debt can bring out the worst in us if we let it. Staying positive can often be hard when we’re burdened by financial problems. Trying to pay off debt can be a strenuous endeavor, which is why it’s important to remind ourselves to remain hopeful during the process.

Here are some ways to stay positive amidst financial debt:

Know That You’re Not Alone

The total American household debt hit a record $13.21 trillion in 2018 and is shared by over 300 million people. The average credit card debt per household in June of 2019 was $8,398. Statistics aside, most working-class adults in the United States have some form of debt. Your financial debt is not unique, it’s something that afflicts much of the population, and it is resolvable.

Appreciate What You Have (Besides Debt or a Lack of Money)

Just because you are in debt does not mean that there aren’t other aspects of your life that you can appreciate. Appreciating your job, family, or community are all aspects of life that can be recognized for their worth aside from your debt. Showing gratitude and appreciation for what the things in your life that you care about is a healthy strategy towards staying positive while trying to pay off debt.

Acknowledge That You’re Working Towards a Goal

If you are planning on paying off debt or are currently paying off debt, then you are working towards that goal. Maybe your goal is to change your habits, to be able to pay off your debt. Many millennials are picking up side gigs in their spare time to pay off accrued debt.

Some of these jobs include:

• Driving for Uber or Lyft
• Selling Unneeded Belongings Online
• Walking Dogs
• Using Apps that Accumulate Rewards

Whatever your current goals are, it’s important to acknowledge and appreciate them.

Don’t Beat Yourself Up, Be Proud of Yourself 

Remember, the more wealthy you are, the more likely it is that you carry debt. If you are currently making payments to pay off what you owe, be proud of yourself for doing so. Many people make no effort to pay off debt, so making those payments puts you ahead of the curve.

Try Living a Healthier Lifestyle

 Living a healthier lifestyle or improving upon your current health habits will allow you to physically and mentally better yourself. In bettering yourself, you’ll create more opportunities for growth, which in turn will help you get out of debt.

Exercising daily is a productive habit that leads to more productive habits such as saving money. Saving money or budgeting will allow you to be able to pay off your debts more easily. Exercise has been proven to increase work productivity, which will only benefit you if you are working to pay off any debt you’ve accrued.

Recognize That Your Debt Does Not Define You

As long as you’re working to get rid of your debt, there is no reason why you can’t enjoy life. It can be stressful, but should not be crippling. Any steps towards ridding yourself of debt are better than none.

If you need help with reducing your debt, PCS Debt Relief can help with our debt relief services that are tailored to your needs. We understand the burdens and stress that debt creates, and we’re here to help you every step of the way. Call (636) 209-4481 for a free consultation to achieve financial stability.