What I’ve Learned from Being in Debt: A Journey to Financial Freedom
We’ve all been there—tempted by something shiny in a shop window or scrolling through online deals that seem too good to pass up. Before you know it, you’ve swiped your card for a few things here and there, telling yourself, “It’s just a little treat,” or “I deserve this.” But those little treats can add up fast, and suddenly, you’re facing a pile of bills that feel impossible to manage.
But before we dive into how to tackle debt, let me ask you one simple question: Do you want to be financially free? This is a yes or no answer. If your answer is yes, then it’s time to roll up your sleeves and get to work. Yes, it might be uncomfortable at times, but the goal is to get it done fast so you can move on and live your life fully, without the weight of debt holding you back.
Understanding the Nature of Debt
Let’s take a moment to look at what debt really is. When you take out a loan or swipe your credit card, you’re borrowing money that comes with interest and a repayment term. The lender is making a record of what you owe, and you’re agreeing to pay it back, often with interest. The process might seem straightforward, but the reality is that you’re paying for the privilege of borrowing money—with your time, your energy, and sometimes, your peace of mind.
The thing is, debt isn’t just about numbers on a statement. It’s about the choices you make and the lifestyle you want to lead. So, if you want to be financially free, the first step is to ask yourself: What do I really want out of life? Do I want to be stressed out and overwhelmed, or do I want to live comfortably, without worrying about money every day?
Making Smart Choices
The key to managing debt and moving towards financial freedom is making smart choices—choices that align with the life you want to live. It’s not about depriving yourself or living a life of constant sacrifice. It’s about finding a balance between enjoying life and being responsible with your money.
For example, instead of splurging on things you don’t need, start by focusing on what truly matters to you. Is it more important to have the latest gadgets, or would you rather have the peace of mind that comes with knowing your bills are paid and you’re not drowning in debt? It’s all about priorities.
The Reality of Repayment
Let’s be real—paying off debt isn’t always fun. There will be times when it feels uncomfortable, when you’d rather spend your money on something more enjoyable. But remember, this is about getting it done so you can move on with your life.
Think of debt as a hurdle that you need to clear. The faster you tackle it, the sooner you can get back to living the life you want. Yes, it might mean tightening your belt for a while, but the reward is worth it—a life free from the burden of debt.
Living a Fulfilled Life
Here’s the thing—being financially responsible doesn’t mean you have to live a dull or unfulfilled life. In fact, it’s the opposite. When you’re in control of your finances, you’re free to live life on your terms. You can enjoy the things that matter most to you, without the constant worry of how you’re going to pay for it all.
So, while you’re working to pay off your debt, don’t forget to live. Enjoy the small things, find joy in everyday moments, and remember that this is all part of the journey to financial freedom.
Final Thoughts
Debt might feel overwhelming at times, but it doesn’t have to control your life. By making smart choices, focusing on what really matters, and staying committed to your goals, you can clear that debt and move towards a life of financial freedom. It’s not always easy, but it’s definitely worth it.
So, ask yourself again—do you want to be financially free? If the answer is still yes, then keep going. You’ve got this. To help you get started, help yourself to a free automated budget template that you can use to begin your journey to a debt-free life.