Why is it so Difficult to Get out of Financial Debt?

Author: Hal Linton

Author: Hal Linton

Im going to go out on a limb here but Ill bet that if you ask most people you know if theyre in debt theyll say yes. Of course thats just the people brave enough to answer such a personal question. And Ill take another leap of faith and bet that not a single one of them likes being in debt, not even if theyre just a little bit in debt. So why are so many people living beyond their means and even more important, why do most people find it so difficult to get out of financial debt?

Is it because its just too darn hard to handle money? After all, there are so many ways your money comes into play in your daily life, how can you be expected to be an expert in every aspect of your financial world? That sounds good on the surface, but it just isnt true.

Handling your money is only as complex as you make it. You dont need an expensive software program, two kinds of online bill-pay accounts, and three different credit cards to track what you earn and spend. You can do it literally with a pencil and a pad of paper. Sure, theres a little bit to learn you have to have at least a rudimentary understanding of how bank accounts work etc. but to truly keep track of your dollars, all you need is common sense. So if handling your money isnt really all that difficult, why do so many of us do it so poorly?

Im going to suggest to you that the real reason so many of us are in financial turmoil is that we dont spend enough time controlling ourselves. Money isnt the problem, we are. We continue to say yes to spending and never learn to say no. And so we dig ourselves into a deep hole and dont have a clue as to how we got there. I know from personal experience.

But I also know from personal experience that the way out is to reverse the behavior. Start practicing saying no to spending and yes to saving. Find a way that makes sense for you to keep track of what you earn and what you spend and dont spend more than you make. Learn to make spending cuts where you have to, but do it. It wont be easy, and it will hurt from time-to-time, but it will work. If you stick with it youll feel better about a lot of things and you too will get out of financial debt.About the Author:

Hal Linton thinks that taking control of your finances doesnt have to be an overwhelming proposition. Read a little bit, learn how to budget, and discover how you too can get out of financial debt.

POST COMMENT

Unsecured Debt Consolidation Loans: Reliable solution to multiple debts problem Taxes Estate Answers Free Interrelated Roadmap Unsecured Debts - How Stimulus Money Has Made it Easier to Eliminate Unsecured Debt Debt Settlement Tips - How to Find the Best Debt Settlement Companies Online Is There Anything Wrong With Debt Consolidation Agencies? Credit Consolidation Loans To Eliminate Your Debts Is Bankruptcy a Better Option Than Debt Settlement? - Find the Truth and Avoid Nasty Surprises What Is The Way To Choose A Debt Consolidation Agency? Get Out Of Debt: Eliminate Your Car Payment Today Debt Relief: Debt Settlement Reduces 50% of Debt Debt Is Easy To Get In Over Your Head - Pay It All Off Using Free Federal Grant Money Today Federal Grants Are Now Available To Help American Citizens Get Out Of Debt Immediately - Find Out More Now Opting For Debt Consolidation? Read This First!