Sunday 21 April 2019

5 Steps to Lower Your Financial Stress When You're Drowning in Debt

a post by Sam Theron for the Tiny Buddha blog


“You can’t calm the storm, so stop trying. What you can do is calm yourself. The storm will pass.” ~Timber Hawkeye

I never anticipated the stress and pressure that come when you are no longer able to pay your bills on time.

Knowing that you owe money, and that your current income isn’t going to cover it, is a heavy reality to face.

I found myself starting to envy low-income, salaried employees. Even though they don’t earn a lot, which I’m sure brings its own challenges, they aren’t eligible to receive huge credit. This protects them from ever finding themselves owing millions.

My husband and I have recently gone through a time when we found ourselves way overextended. Due to a series of bad beats and various twists of fate, we found ourselves in over our heads. And this is not a good space to be in.

It’s a sickening feeling that has seemed to overshadow all the other areas of our lives. We’ve felt unable to breathe, knowing that debt is hanging over us. When the phone rings from an unknown number, we’re hesitant to answer it. It could be someone wanting to know when we will pay a bill.

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