Thought for today: Sometimes people nearest to us seem to cause money to leak out of our spending plan like water through a sieve. Family members with special needs or problems present a compelling case to us, and it seems important to help. And yet we have a nagging feeling that there is no end in sight. What to do? […]
Continue reading →Thought for today: Underearning is one of Debtors anonymous’ Twelve Signs of Compulsive Debting. It doesn’t matter which came first – the under earning or the compulsive debting – the point is that the feed off of each other in a downward spiral of debt. The way out begins is through awareness, acceptance, and action: The Three A’s. […]
Continue reading →Thought for today: Compulsive debting affects judgment. It makes it seem reasonable to take on a lot of extra work to pay creditors. Exhausted all the time, the debtor usually broods or wastes time, and it always feels like they were playing “catch up”. Sign #10 of compulsive debting (DA): “Overworking or underearning: Working extra hours to earn […]
Continue reading →Thought for today: To help recover from compulsive debting, we can meet in Pressure Relief Meetings in which we review our spending and income, and develop a Spending Plan and an Action Plan. Sometimes the disease of compulsive debting can make tracking our numbers seem so overwhelming that we avoid doing it: Some of us have math anxiety and fear […]
Continue reading →Thought for today: Compulsive debting is a disease which, left untreated, always gets worse, never better. A member shares: “Whenever I used credit cards it was a result of feeling trapped. Household bills piled up and it seemed like the best solution. “Credit card companies make the deals so enticing too! One card offered a […]
Continue reading →Thought for today: The most important truth for us compulsive debtors to accept about ourselves is that we have a disease. Compulsive debting is as real as any other disease – progressive and debilitating. Left untreated it can lead to physical and mental deprivation, depression and death. Step One: We admitted we were powerless over […]
Continue reading →Thought for today: An unsecured loan is a loan requiring no collateral. It’s not like a loan for a house, car or other asset. Creditors charge a premium rate of interest because of the extra risk involved in unsecured loans. Because unsecured debt is so expensive, it causes extra pressure on borrowers to pay it […]
Continue reading →Thought for today: The stress of being a compulsive debtor is bound to take its toll. Living close to the edge leaves our nerves shot. After years of declining incomes, under earning and over spending, we can feel worn down. We didn’t get this bad overnight, and we won’t get better overnight. But change will […]
Continue reading →Thought for today: A member shares: “After I had a Pressure Relief Meeting, I felt better. I was able to think clearer about money. ” I built up a cash reserve first. After a while I started allocating money to debt repayment. I repaid proportionally to each creditor based on the percent of total […]
Continue reading →Thought for today: First off: there is no such thing as earning what you are worth – because you are priceless! Let’s move on… Ok, so there may still be some work to do with attitudes here. Letting go of resentments toward bosses or jobs, for instance. No problem! Let’s try thinking, instead, about improving […]
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