Archive for January, 2011
Debt Management Trouble
Debt management trouble… interesting title for a page, huh
Here’s the thing. Things that I recall from my own limited experience of being (only) knee deep in debt and during my time as a mortgage adviser are all overshadowed by one thing. Worry.
Generally, I am a very (probably overly) optimistic person. Almost always happy and living life to the full. But I remember very clearly being worried by my debts. It did get me down. It was upsetting. It made me eat more, for comfort. That made me gain a few kilos which made me feel more sorry for myself.
And yet I view myself as being rather lucky. Why My debts were caused in the main by an errant and untrustworthy business partner, followed by the financial burden of a new business with no capital (he had stolen much of it and run up other business debts besides). I could at least look in the mirror each day and feel no personal guilt about my debts. I felt that my debts and debt management trouble were not of my making.
Tags: business debts, debt burden, feelings of hopelessness, financial burden, look in the mirror, mortgage adviser, optimistic person, pep talk, platitude, small debtRelated posts
Debt Management Tips – How to Stop Stressing About Your Debt Ratio?
Debt management is a hot topic for a lot of people. More often than not, people carry debt loads that are hard to handle — and only become worse over time. Not only do a vast majority of people have debt but for many, they’re only two pays or a major emergency away from utter disaster with their financial situation. Is it time to manage your debts Would it do good things for your stress levels Do you have any idea what it would feel like to have zero debt to worry about
For many people, debt has become a part of life. Debt management doesn’t become an issue that needs to be overcome; it becomes an aspect of every day life. Most people don’t sit down and figure out just how much of their wages goes to payments and don’t like to consider the ratio of their money going to compound interest rather than the principal. Some consider it to be too depressing to consider and they think there’s not much they can do about it.
Tags: control debt, credit counselling, debt counselling, debt loads, debt ratio, hot topic, life debt, long term solution, stress levels, utter disasterRelated posts