Getting out of debt is hard. Especially compared to how easy it is to get in to debt. There will probably be times when you feel like giving up, or when you wonder if you’re ever going to get out of debt.
I felt that way, many times. And then we did it. Finally. We became completely debt free. Along the way, I learned that it comes down to this: you’ve got to be willing to do what it takes.
What it takes to get out of debt
In a nutshell, getting out of debt takes:
- And time
Those things are all connected. But you don’t have to be the perfect person to get out of debt. You just have to not give up. You have to pick yourself back up when you fall. You have to power through when you face a setback, and forgive yourself when you screw up. (But not so easily that it’s no big deal.) You also have to be willing to work for it.
Being willing to work for it means getting creative. It means cutting back, delaying gratification and unnecessary repairs or purchases, and realizing that every little bit helps. Especially over the long term.
It might literally mean working more hours, at a second job, in a side business, or heck even just babysitting or doing yard work. Those are tried and true methods of bringing in extra money, so why not take advantage of them? It also means being willing to stop making excuses.
You can do this. Be committed.