Thought for today: Many of us thought of student loans as being “secured assets“, but they are not. Degrees are valuable, but are not financial assets. The education we get is not technically an asset. Although student loans are usually cheaper than credit card debt, they are just as dangerous for the compulsive debtor to engage in. […]
Continue reading →
Thought for today: If we are new to DA, we will want to get right into the program of recovery and give DA a chance to help us. There are a few things we can benefit from knowing right away, as we approach this new way of thinking about money. A member shares: “When I first came […]
Continue reading →
Thought for today: In DA, Solvency means to not incur unsecured debt, one day at a time. Whether or not we still have debt we incurred before DA doesn’t stop us from being solvent today. All it takes is that we transform our relationship to money and people, and that takes some heavy doses of self-honesty. Then, we can go through the […]
Continue reading →
Thought for today: Compulsive debtors usually take more than their share of abuse from others. By the time they get to DA, they’ve felt humiliation and shame over someone else’s behavior. Many of us even go further into debt to appease an abusive family member. We deny they are hurting us. We want to believe […]
Continue reading →Thought for today: Whether we are in business for ourselves, or not, de-cluttering our financial records brings much-needed clarity. BDA’s Third Tool encourages this. BDA Tool 3: We keep clean, orderly and accurate financial records, including Accounts Receivable, Accounts Payable, Cash on Hand, Inventory, Assets, and Outstanding Debts, and put all tax and bill due […]
Continue reading →
Thought for today: We all seek prestige at times. Everyone needs to be appreciated. For compulsive debtors, the natural instincts run wild. “Instincts on rampage ball at investigation,” as Bill W. wrote in Step 4. We need to investigate these instincts, and put them back in perspective. Otherwise, we will likely debt again. DA Step […]
Continue reading →
Thought for today: A newcomer to DA asks, “Why should we hide who we are to outsiders when it comes to our membership in DA? Isn’t that dishonest? What do we have to hide?” An old-timer in DA responds, “It’s not that we are hiding from anyone, although personal anonymity ensures that what we share at meetings […]
Continue reading →
Thought for today: What does DA mean when we talk about “insanity”? In DA terms, it is insane to think that we can use credit cards like normal people. The fellowship of DA can help us live without credit cards. We can use cash, track our numbers, and review our spending habits with others in the […]
Continue reading →
Thought for today: Every minute we spend worrying unnecessarily about our lives cheats us of this current moment. How can we stop that? When a new awareness comes to us, it is a “trigger event” that something needs to be looked at. Problems occur when we inadequately address the event – denying it, misinterpreting it, or overreacting to it. […]
Continue reading →Thought for today: The natural state of a compulsive debtor is that of binge-charging on credit cards and store credit. So if we have a slip, what do we do? Sometimes we mess up financially. Sometimes life seems unfair to us. Sometimes people are abusive. A job is lost. A loved one is lost. Property is […]
Continue reading →