I admit that prior to me putting my big girl panties on and start dealing with the crap load of debt we have, I lived with my head in a cloud where I honestly believed debt was just a part of everyone’s lives. That everyone accepted the amortization period and paid off their debts accordingly. That paying debt off faster was for people with less debt than me and more money than me.
Was this mentality really my fault though?
It seems, especially this time of year with school going back in, I’m constantly reading about debt.
How much debt people have. How much people graduate with. How long they’ll be (on average) in debt.
SO much talk about debt.
Debt seems normal.
My friends have debt. Some of my family has debt. The province I live in, is in debt. The world is coming still climbing out of a huge recession.
I am surrounded by the normalization of debt.
It wasn’t until I started surrounding with motivated people (ie you guys) that I realized this wasn’t normal. I started this blog because I wanted to connect with people, share my feelings, experiences and hope that I may be able to find some help to help me get our debt paid off. I had NO motivation other than personal reasons. The fact that than our debt was finally stressing me to the point that I wasn’t sleeping at night. It was crippling not having control over our money. It would literally slip between our fingers before we even realized we had any.
No one was motivating me to pay my debt off. I just decided one day enough was enough.
The government isn’t actively encouraging us to pay down our loans. Our schools aren’t teaching us money management and debt responsibilities.
Is it because they make millions every year on interest paid? Probably. Is this fair? No.
Should we have more financial education in school? Yes. Will we? Likely not.
Is my debt, my problem? Yes, I just wish I had more resources earlier. Resources like success stories, like you guys. Resources about what all the financial mumble jumble meant. Resources about debt.
I wish debt wasn’t so normal. I wish everyone took it as seriously as the personal finance community. I wonder where people younger than me got their motivation. Good advice young that I missed out on?
If you were in debt, what was your motivation behind paying it off?