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Living in debt

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Viewing 8 posts - 1 through 8 (of 8 total)
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  • August 5, 2019 at 8:45 am #306641
    Peggy
    Participant

    Hello Indebt,

    RELAX!  You have worked amazingly hard at reducing your debt and you have secured a loan which means you can pay it back over 4 years instead of 5.  This debt will reduce year on year until it disappears.  Four years may sound like a long time but it will pass.  What now?  Accept that in four years time you will be debt free.  Now, put your head down and get some sleep.

    Best Wishes

    Peggy

     

    August 5, 2019 at 1:13 pm #306741
    Indebt
    Participant

    Thank you for your kind words Peggy, I think you’re right I need to relax and stop obsessing. I just feel like this huge debt is like a noose around my neck and I want it gone ASAP but it’s going to take time and I need to accept that and stop resisting.

    August 5, 2019 at 1:24 pm #306751
    Anonymous
    Guest

    Dear Indebt:

    I want to welcome you to post here on your thread anytime you feel distressed. I am about to get away from the computer and back in about 17 hours. If you post before I return (or anytime afterwards), I will  be glad to read and reply.

    anita

    August 6, 2019 at 10:36 am #306861
    Peggy
    Participant

    Hi Indebt,

    I understand where you are coming from.  You have behaved very responsibly by realising that your debt needed to be faced and now it is under control you can ease up a little bit.  The worst case at the moment is that you know it will be paid off in four years time.  You may have a windfall, family inheritance, gifts, a pay rise, a bonus which may enable you to reduce the term but I believe that the best you can do for the time being is to accept it as it is and not worry overmuch.

    Well done.

    Peggy

     

    August 6, 2019 at 12:44 pm #306909
    Indebt
    Participant

    I think you’re right, I’m resisting the fact that it’s going to take 4 years and constantly feeling stressed trying to work out ways that I can bring in more cash/ spend less to over pay the loan and get it paid off faster than 4 years. But I feel like it’s keeping me stuck in a constant state of stress where I’m struggling to sleep and over eating.

    August 6, 2019 at 6:06 pm #306929
    Anonymous
    Guest

    Dear Indebt:

    Reading your posts the term,and past reality of  debtor prison comes to mind, people going to prison because of having financial debt. Only in your case, you are in a  mental debtor prison, desperate to set yourself free. Imprisoned, you feel “stuck in a constant state of stress”.

    A short story also comes to mind, paraphrased- a prisoner was asked: how can you possibly get out of here? And he answered: by no longer wanting to get out.

    If you stop wanting so badly to be debt free, I suppose you will no longer be stuck in this constant state of stress. Can you imagine  that while  doing what you practically can to be debt free in 4 years, no  longer wanting to be debt free?

    (I will be back to the computer in 12-16 hours)

    anita

    August 7, 2019 at 1:52 am #306963
    Indebt
    Participant

    Thank you for the reply this makes so much sense to me!

    August 7, 2019 at 6:04 am #306979
    Anonymous
    Guest

    You are welcome, Indebt.

    anita

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