Tuesday, February 2, 2010

My Debt Roundup - February 2010

I started my journey to pay off my debt more than eight months ago. I paid off merely $4, 313. Getting rid of debt is more difficult than I thought. I took on roommate, virtually stopped eating out, haven't bought anything new or old, sold unnecessary items, got a part time gig. Still I am - 23, 306 in debt. Often, I feel like giving up paying off my debt. How long can I hang on edge like this? Maybe I should accept that I need debt to survive. Yet, some part of me just can't give up. Not giving up on my grad school got me a doctoral degree, while not being able to give up also made me vulnerable during relationship breakup. I hope my "not giving up" nature will help me and let me prevail through these tough times.


  1. Maybe I can help a little. I came across your site and am interested in doing some advertising on it. That would be some extra cash in your pocket.

    Shoot me an email at briancox@mypaydayloancash.com what you get a chance. I'd love to discuss some options.

    Thanks and look forward to hearing from you.


  2. Thanks but no thanks Brian. I really don't believe in pay day loans.

  3. Hang in there! It's worth it. I've been paying down my cards and can finally see the light at the end of the tunnel -- even though they're not completely paid off, the emotional weight feels like it's lifting.

    Something you might do is budget a very small amount of money or time for a weekly "treat" that is your reward for continuing to pay down the debt. Basic conditioning -- we need rewards as incentives, so we keep on task and don't lose interest in our goals. If you feel deprived all the time, you'll get discouraged and give up.

    Your reward should be something you enjoy, so it could either be a small treat like a chocolate bar or fancy coffee drink, or it could be something free like going to a favorite park and having a nice walk. But it should be something rewarding and fun, to make it a worthwhile reward that will help you feel better about staying on the path.

    Good luck!

  4. @ Corbie, I tried rewarding myself but I found myself buying things and forgoing the reward. So reward as incentive didn't work for me but just sheer enthusiasm and rush for seeing the credit card balance did. It's something like George Clooney's charcter in the movie "Up in the air", who just collects the frequent flier miles for that rush.