How to Start Paying Off Your Debt If You’re Feeling Overwhelmed

paying off debt if you're feeling overwhelmed

A friend of mine recently asked for my advice as it pertained to paying off debt. She had about $5,000 in debt across a couple of credit cards and a personal loan and wasn’t making any progress on paying it off.

When I asked her why, she responded with “I just feel overwhelmed. I don’t even know where to start.”

This post has been written by Amanda Abella, accomplished writer and speaker in the area of personal finance.

Overwhelm and Procrastination

Before getting into how to start paying off debt, it would be beneficial to discuss the relationship between overwhelm and procrastination.

Overwhelm happens when we feel like the task at hand is too big. We may also feel it when we are unsure of how to tackle it. Instead of starting to take action in even the smallest of ways, we let our feelings about overwhelm (namely fear) . . . → Read More: How to Start Paying Off Your Debt If You’re Feeling Overwhelmed

Results Are In! Are You Serious About Paying Off Your Debts?

I posted an article last Wednesday because I wanted people to realize that they weren’t as hard-core about debt as they thought they were. And, without being focused and intense about paying off your debts, it typically takes a heck of a long time to get rid of them all. So here are the questions that I posed to my readers…

To Pay Off Your Debts, Would You Be Willing to: Cut your cable? Switch to a cheaper phone service provider? Turn the thermostat colder in the winter and hotter in the summer? Mow lawns for $15 for friends and neighbors? Move to a smaller, lower rent property? Downgrade your car? Cut your out-to-eat spending to almost nothing? Make gifts instead of buy them? Ride your bike instead of drive? Stop buying new clothes?

There were 296 responses to this survey – let’s see how hard-core you all really are . . . → Read More: Results Are In! Are You Serious About Paying Off Your Debts?