Anxious to Get out of debt

[Hope&Joshua179]

I think it's a positive quality to stick to our goal to pay our debts to zero. And careful about entering into couple more of never ending new hundreds into our credit line. We live off from pay check to pay check. Bills and basic needs inevitably crash our reality every week that we can't move on without them. Relieving ourselves from getting into massive debt is just anxiety forming struggles of life. But we get over it by paying.


I think, what we do with every circumstance as they come is what matters. We need money, so then, we work harder to get it to be able to pay every single debt we owe. The result of having the capacity to work with our hands and not depend on others and our governments is productively satisfying, and is healthy.

 

[amy88]

Money worries are something that I find gets me anxious too - I grew up in a family that didn't have much, so I think ever since then I have always had worries about money, even when my husband and I have had stable and well paying jobs.


Right now I am a stay at home parent and my husband is the primary breadwinner, and dropping to one income has definitely raised that anxiety in me. Our main debt is our mortgage and I want to have that paid off as soon as possible so we don't need to worry about it.

 

[Corzhens]

In the olden days when we just got married, finances were quite difficult and we had to borrow most of the time to make ends meet, so to speak. But we were lucky because we were not been deep in debt, we were able to overcome. But in 2001 when we got a mortgage to buy this house, there were unexpected house repairs that was very costly - rewiring of the electrical connection, new water pipes, broken concrete, etc. The cost overshot our budget that we were so deep in debt. My husband and I couldn't sleep properly at night, all we would do is hold a clipboard and a calculator to make endless calculations and speculations on how we can overcome the payments due on our debts. It's not really me but my husband who was on the verge of anxiety attack with the thought of losing our house to our creditors. It was a stroke of luck my husband's father who was residing in the US sent us a substantial amount to pay all our outstanding loans to the tune of $10,000. That was our life saver.

 

[Joel7050]

I feel that being anxious about the situation will not help. This situation will cause anxiety, but being anxious won't solve anything. I would try to contain and control my anxiety as much as possible. Assuring yourself everything is fine will help. Maybe, set aside the amount you need to pay way before the due date if possible. Leave it in cash if you want, a physical stack of notes lying on your table would assure you every time you look at it that everything is fine as you already have the money. Nothing will change, and you are ready and prepared.

 

[Nereides]

I feel you all! I'm taking my Masters degree at the moment and it is not cheap! Trying to balance it with rent, electricity bills, mobile phones, grocery, commutes, it's quite a struggle. Every time my pay check comes in I try to allocate how much goes to what. But I still get anxiety whenever I think about my next bill to pay.

 

[SirJoe]

One of the biggest causes of anxiety is financial instability. The only thing that you can think of in a situation like that is how to get out of it. Finding a solution to your debts is obligatory to avoid feeling anxious all the time.

 

[DDNatureLover]

In the olden days when we just got married' date=' finances were quite difficult and we had to borrow most of the time to make ends meet, so to speak. But we were lucky because we were not been deep in debt, we were able to overcome. But in 2001 when we got a mortgage to buy this house, there were unexpected house repairs that was very costly - rewiring of the electrical connection, new water pipes, broken concrete, etc. The cost overshot our budget that we were so deep in debt. My husband and I couldn't sleep properly at night, all we would do is hold a clipboard and a calculator to make endless calculations and speculations on how we can overcome the payments due on our debts. It's not really me but my husband who was on the verge of anxiety attack with the thought of losing our house to our creditors. It was a stroke of luck my husband's father who was residing in the US sent us a substantial amount to pay all our outstanding loans to the tune of $10,000. That was our life saver. [/quote']
That is certainly a Godsend. I wish my mother would do so, since she is able, but she prefers to help my brother, who is able bodied, to helping me, even though I can't work, so am unable to improve my situation on my own. I'm glad y'all got the help you needed at that pivotal time, because I know how debilitating living in debt can be.


Honestly, without worrying about debt, my physical ailments would decrease somewhat, and if my finances were better, I'd be able to obtain some medical care that I need. It's unfortunate that so many these days deal with financial difficulties, because they can take a huge toll on health, both physical and mental.

 

[Corzhens]

Honestly, without worrying about debt, my physical ailments would decrease somewhat, and if my finances were better, I'd be able to obtain some medical care that I need. It's unfortunate that so many these days deal with financial difficulties, because they can take a huge toll on health, both physical and mental.

During that trying times of being heavily in debt, my husband had always a physical problem. I understand that it was because of his excessive worrying because he is a worrywart. And I know that he is afraid of having our home forfeited if we cannot pay our debts which gave him splitting headaches, diarrhea in the morning, indigestion at night and some other symptomatic effect of anxiety. And you mentioned financial difficulties as taking a huge toll on health, I understand that because even the doctor said that to my husband - you need money? That question by the doctor is very clear that my husband's ailment is more of psychosomatic borne from too much worrying.

 

[Panic57]

I'm in the process of trying to save so I can work off the debt but I barely pay my monthly bills. I plan on paying off the small ones first and then make my way to the bigger ones once my savings is more substantial. I still try to reserve ten percent to invest in something that might make me some passive income. Right now I'm out of money and time but I'lm slowly working on it.

 

[DDNatureLover]

During that trying times of being heavily in debt, my husband had always a physical problem. I understand that it was because of his excessive worrying because he is a worrywart. And I know that he is afraid of having our home forfeited if we cannot pay our debts which gave him splitting headaches, diarrhea in the morning, indigestion at night and some other symptomatic effect of anxiety. And you mentioned financial difficulties as taking a huge toll on health, I understand that because even the doctor said that to my husband - you need money? That question by the doctor is very clear that my husband's ailment is more of psychosomatic borne from too much worrying.

It's great that your husband's doctor not only recognizes that financial stress can cause physical (and of course emotional) issues, but that he actually spoke about it and inquired about the situation. I think it depends on how long you've been seeing the doctor in some cases, but also the quality of the care provider. The doctor I usually see isn't one I would confide in. He is somewhat arrogant, and he's a means to an end to me. I see him when I can afford to, and I get medication that I then use only when necessary, so it will last longer. I'm hoping at some point, I can switch doctors, to one who's a bit more personable.

 

[aimeepoo]

Money worries are a very big problem with me right now. I feel that at my age I should have more saved and more of a plan but I do not. My husband and I are in pretty bad shape financially and it causes a whole lot of excess worry and that in turn causes a lot of stress and anxiety. It's hard. I think that things would be all around better if our situation was better. I'm thankful that it isn't any worse but it certainly could be better. Times are super hard. We need to figure out how to deal with the anxiety though rather than bottling it up. I'm super guilty of keeping things bottled up.

 

[Hope&Joshua179]

Money worries are something that I find gets me anxious too - I grew up in a family that didn't have much, so I think ever since then I have always had worries about money, even when my husband and I have had stable and well paying jobs.
Right now I am a stay at home parent and my husband is the primary breadwinner, and dropping to one income has definitely raised that anxiety in me. Our main debt is our mortgage and I want to have that paid off as soon as possible so we don't need to worry about it.

I'm also a stay-at-home-mom of our large family. Friends of ours wittingly quipped about borrowing money for a home-loan. They said that, "To SAVE up for the things we need and want for a better situation in life and for our family is a very difficult task. Saving up will take ages! BUT borrowing within our reasonable capacity, and then, working hard to PAY what we borrowed is a lot easier and anxiety-freeing." I'm glad to have heard that logic and seeing things in that perspective.


It's really good to be able to get our mortgage loan paid off. Slowly but surely. Supporting each other is an encouraging power to keep hanging in there together courageously. You and your husband can do it!

 

[Hope&Joshua179]

In the olden days when we just got married' date=' finances were quite difficult and we had to borrow most of the time to make ends meet, so to speak. But we were lucky because we were not been deep in debt, we were able to overcome. But in 2001 when we got a mortgage to buy this house, there were unexpected house repairs that was very costly - rewiring of the electrical connection, new water pipes, broken concrete, etc. The cost overshot our budget that we were so deep in debt. My husband and I couldn't sleep properly at night, all we would do is hold a clipboard and a calculator to make endless calculations and speculations on how we can overcome the payments due on our debts. It's not really me but my husband who was on the verge of anxiety attack with the thought of losing our house to our creditors. It was a stroke of luck my husband's father who was residing in the US sent us a substantial amount to pay all our outstanding loans to the tune of $10,000. That was our life saver. [/quote']
That was a wonderful story! I always wished that there would be someone out there to pass on an inheritance to us to help us relieve ourselves from our financial burden. . Silly notion. That never came. But we've always paid our debt in advance and on time, to avoid interest, thankfully. The trade off is to abstain really hard from "luxury spending" for quite while.

 

[Hope&Joshua179]

Money worries are a very big problem with me right now. I feel that at my age I should have more saved and more of a plan but I do not. My husband and I are in pretty bad shape financially and it causes a whole lot of excess worry and that in turn causes a lot of stress and anxiety. It's hard. I think that things would be all around better if our situation was better. I'm thankful that it isn't any worse but it certainly could be better. Times are super hard. We need to figure out how to deal with the anxiety though rather than bottling it up. I'm super guilty of keeping things bottled up.

I do hope things get better for you and your husband. You're right, suppressing your emotions isn't going to let those feeling of anxiety go away. Do communicate about what each of you can do to improve your situation-- for peace of mind.

 

[Kosta]

Money worries are something that I find gets me anxious too - I grew up in a family that didn't have much, so I think ever since then I have always had worries about money, even when my husband and I have had stable and well paying jobs.
Right now I am a stay at home parent and my husband is the primary breadwinner, and dropping to one income has definitely raised that anxiety in me. Our main debt is our mortgage and I want to have that paid off as soon as possible so we don't need to worry about it.

Fortunately, I do not have debts, and I am avoiding bank traps as far as possible. However, I know a few people who have had big problems with debts, and I would say, it is above ordinary anxiety problems. The danger has been entirely real in their case and that demands a business strategy. Anxiety can be only an obstacle, and it would be the best to eliminate it completely if possible. The fight would be more successful, if the mind is clear and calm. Although, I am free from this problem, my main worries are about the possibility of staying without a job, but I hope it will never happen.


This way I also want to show you my support, and I really believe that you will overcome all those financial problems. Just be relaxed and do what is necessary.

 

[EntropiaAddict]

I think money worries get everyone anxious (even those that don't suffer from anxiety). Money problems create all kinds of strain on life, health, relationships, etc. I have found the key answer to this (and it is NOT easy to do), is to live within your means. Basically, if you can't afford to buy it without putting it on a credit card, then you can't afford it. It took my wife and I a long time to decide to "clean up" our debt and spending habits, and after 5 years of doing so, we have found that we are much happier. We are now used to living within our means (not always easy with 4 kids) and have found that not having debt hanging over our heads has relieved quite a bit of stress about bills. Small plug here: For anyone truly looking to get out of debt and see how it feels, I would highly recommend checking out Dave Ramsey (at least for the get out of debt and get the kids through college portion). What he talks about is common sense for most people once you read it, following it becomes a little more difficult. After you have done it for a while, it becomes habit and it was really actually entertaining to watch the debt start to disappear (which motivated us to keep pushing through it).

 

[kelden]

Indeed, autonomy is the ultimate goal for any family. If you're financially independent, you don't have to worry much about being able to provide even after your prime years. But be wary, however, work as hard as you want, or can, achieve. Some people are just fine earning 100k a year working for a living wage until retirement instead of setting their own business - and cope with all the stress it entails-. It is great to know you don't have to concern about paying bills, food, electricity etc.


For those that are struggling, they should focus towards overcome that situation in order of relieving from the most elemental stress cause: money issues.

 

[John Snort]

Learn homesteading. That is if you can. The skills you learn could help you, in a few years be self-sufficient and it certainly is not that hard as it's commonly assumed to be. Since you no longer need to buy a lot of the things which you regularly have to buy now, you'll have more money saved which could be used to pay your debts.

 

[Dylan]

I have student loan payments coming due soon and the impending cost fills me with anxiety every day. My health isn't great and I have only a part time job at the moment. I live paycheck to paycheck so the looming threat seems like an impossible hurdle. It can be tough when seeing these odds to try and figure out a way to get out from under this, but I try everyday. It is one of the biggest challenges I have faced in my life, and it really hasn't eve started yet.

 

[djordjem87]

Right now this is the root of all my problems and it really sounds funny as hell because the money is not that big at all but I still cannot save enough to pay everything back. I also have a bunch of idiots for a family and they are also spiteful idiots so they do not help, they are just adding oil into fire. I know I will get through but it is very hard right now and I am very sad actually because it is affecting my relationship and I really love my girlfriend, I do not want to loose her over something stupid like this. I am in a bit of a pickle as people like to say. The only thing I want is a fresh start and I am fighting for that. We are talking about less than 1000 Euros debt and I am getting my life settled. Maybe even 500 Euros. Nothing big but still n Serbia it is not easy to survive.