Now that a new month is upon us, it is time to make new money goals and stay more focused on achieving them. So today, I’m going to share some helpful tips on how to never let paying off your debt become an obsession.
Take it easy
Just like losing weight, it’s also important to take it easy when it comes to managing your finances. I was able to lose weight by slowly cutting back on my bad food intake. It was a process of slowly weaning myself off of the bad food.
The same is true when it comes to paying off debts. You can’t just switch from paying just the minimum amount to suddenly paying a thousand dollars, aiming to be debt-free as quickly as possible. You can’t just stop going out, having fun, or going on vacations. You’re going to be miserable.
I did a debt challenge once for 11 weeks. It did help me pay off my student loan but because I was putting every dime I had towards my debt, I had to stop having fun and it only made me miserable at the end. If I could go back in time, I would never put every single penny I have just to pay off my debt quickly.
Set aside some guilt-free money
You need to set aside some money in your budget that will allow you to still have fun. What’s the point of trying to reach your money goals if you’re miserable every step of the way? Life shouldn’t be spent working and paying off debts. Don’t deprive yourself of the good things in life.
Have an end goal for your debt
You need to have an end goal that will allow you to reach your goals but at the same time, let you enjoy life.
You need to be disciplined enough to know your limits and that doesn’t necessarily mean depriving yourself. Remember, all work and no play will make you a dull person. All you need to do is get your finances in order — a long process that will take a lot of hard work and dedication, but one that will be worth it in the end.
Avoid checking your debt all the time
Stop checking on your debts too often. It can be easy to become obsessed with it but don’t be a slave to your debt ! You need to calm down, take it easy, don’t rush the process, be patient, and just have all the fun you deserve.