Paying off debt has never been an easy task. In fact, it is one of the hardest task anyone can ever do. However, it is very possible and it requires a lot of hard work, dedication, and determination.
Along the way, you’ll encounter numerous road blocks to conquer as well as hurdles. Stress will be your major enemy and it will drain you most of the time. Temptations will be everywhere and they could get you off from your focus.
But how can we stay motivated while paying debt?
Know your big dreams.
You might think it is crazy to be talking about big dreams when you’re in debt. But, pause for a moment and think about it. What if you’re not in debt?
- Live comfortably without working 2-3 jobs.
- Have enough money in the bank and not worry when will the next paycheck comes.
- Save enough for your kids education.
- Retire early and travel around the world.
I could go on and on but isn’t it nice if you’re debt free? Having big dreams could help you become motivated, inspired and focused in crushing your debt. Knowing your big dreams gives you a clarity where and what you want to be in the next few years of your life.
Make a plan and write it down.
” A goal without plan is only a wish.”
When I started with my debt pay off journey, I failed. Why? Simply because I didn’t create a plan to follow. What I have were invisible bubbles that disappeared randomly as time goes by. Therefore, I lost track.
Make sure to write down your plan. It is one way of committing yourself to it. Don’t be like me who created bubbles in my head and forgot all of them.
Having a plan allows you to stick to it because it keeps you on track to where were you now and what’s the next step to take. Therefore, it is very important to have one and make sure you stick to it. Create a debt pay off plan that is simple, realistic, and easy to follow.
Create a vision board.
A vision board is a visual representation of your goals, plans, and rewards. This is simply where you put your debt pay off chart, a picture of your big dreams ( house, car or vacation ). You may include motivational phrases or quotes and a calendar to keep you track on your progress.
Here you will see how your debt is disappearing little by little. It will be a reminder that your hard work and sacrifices are not wasted. The board will also show you how far have you come from where you started. Seeing your progress allows you to keep going.
Find an accountability partner.
An accountability partner is someone who coaches another person in terms of helping the other person keep a commitment. It is someone you make an agreement with to check on daily, weekly, or monthly basis. It could be a friend, family member or a member of a certain group.
The person gives you support that you need like encouragement and advice. They are there to cheer you up when things gets tough and they celebrate with you in your victories.
Picking an accountability partner sometimes could be hard. That’s why pick someone who can relate to you. Someone who is on the same boat as you.
Remember that this is just temporary.
” If you will live like no one else, so later you can live like no one else.” Dave Ramsey
Paying off debt requires a lot of sacrifice. It will let you make hard decisions but remember that this is just temporary. Your big dreams are what matters the most.
Maybe you gave up date nights for now, shopping for new clothes or shoes or even vacation. These are just for the time being since your focus is to get out of debt.
Celebrate your victories.
Paying off debt doesn’t mean you have to be restrictive. As you crush little debts, you need to celebrate them too. It will keep you motivated.
A pat in the back is good but having a reward is better. Remember I mentioned a reward at the motivational board? This is a good way of celebrating your victories.
Celebrating your wins don’t have to ruin your budget. You can get creative with this. You may treat yourself a cup of your favorite coffee or make your family a special dinner. But if it’s being budgeted treat yourself something nice.
Be easy on yourself.
Paying off debt could leave us burned out and stressed at times. It could even drive us crazy. We tend to beat ourselves sometimes because we want to be done as quickly a possible. But know that we’re just humans. Be reminded that we didn’t get ourselves in to debt overnight. Therefore, it will take us time to get out of it.
Let’s learn how to slow down and take some break whenever it’s needed. We are just humans and we need to enjoy ourselves once in a while. Doing this will allow us to become more focus to our end goal.
Remember that we’re not after perfect but progress.
Never compare yourself to others.
To become unique is okay and acceptable. Just because everyone is having the latest phone or gadget doesn’t mean you have to get them too. Or maybe your neighbor, have a new car or your friend is moving to a bigger house.
You can definitely do that too. However, getting more in to debt is not what you wanted. You are working hard to dig yourself out of this financial difficulty that you’re in. Therefore, focus and keep going!
Practice gratitude, contentment, and choose to be happy.
The journey to being debt free will always be coupled with struggles and frustrations. There will always be hurdles along the way that will bring us down. And practicing the virtue of gratitude during this hard times will seem very impossible.However, you must look back at your circumstances in life. And you’ll realize that there were number of things to be thankful for. Being able to get up everyday, having food on the table and keeping up with your debt payments were just a few reasons.
Contentment doesn’t come naturally. It is something that we need to work on. and practice every single day. In this planet we are living, things keep changing. New gadgets, new fashion and so on, but being contented and happy with the things that you have will allow you to focus on your end goal.
Surround yourself with positive people.
Being with people who are positive and motivational gets you closer to your goal. Look around, maybe they’re just right there. Search for some private groups on social media and join them.Social media platform like Instagram has lots of good people to follow. Their posts and stories were inspiring. Read books and blogs, listen to podcasts as well. You don’t need too much people in your life to get you going. You just need to be creative and initiative to stay grounded and motivated.
There are lots of ways to become motivated in achieving your debt-free journey. The action is ours to take. Remember that “Rome wasn’t built overnight“, so as your debt. Therefore, paying it off takes time. You just need to take one step at a time.
Paying off debt is not a race but a marathon. Your speed doesn’t matter at all.
What matters the most is sticking to it until you reach the finish line.
It doesn’t matter how many times you fall…
What matters the most is getting back up each time you fall.
Therefore, stay within the course. Keep your focus and keep going!