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How to Stay Motivated to Pay Off Debt

How to Stay Motivated to Pay Off Debt

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Are you drowning in a sea of debt? Don’t know when you will be able to pay it off and get this weight off of your shoulder? In this post I have listed a few tips that will help you stay motivated to pay off your debt.

Motivation is closely linked to success and you can’t stay motivated if you are not achieving your goals or making efforts towards them. Here is a quick tip to stay motivated while you pay off your debts: Set milestones and reward yourself every time you hit one.

Divide your total debt into small parts and focus on reaching one milestone at a time. This technique will help you stay focused on the task at hand without feeling overwhelmed.

You know what I am talking about if you are having nightmares of not being able to pay your debts and getting into serious trouble (including facing the possibility of jail time).

Here are a Few Tips to Help You Stay Motivated to Pay Off Your Debt.

1. Look at the Brighter Side

You won’t learn from your mistakes if you don’t accept that you are the one who is responsible for this mess that you are in. Once you accept and acknowledge them it becomes easier to look at your situation objectively and take the right action.

There is always something valuable in going through adversity. This experience should teach you how to stay content with what you have and not spend your hard-earned money on things that don’t matter in the long run.

2. Track Your Progress Every Day

Tracking your progress is one of the most important things to stay motivated to pay off your debt. There are plenty of tools you can use to achieve this. Mobile apps like ChangEd and Credit Card Payoff are regarded as one of the best for tracking your debt. To get the best out of these apps, you have to link your bank account/credit card with the app and allow it to track your spending behavior. Credit card payoff also lets you set a time-based goal for paying off your credit card debt.

3. Find Support Groups

Finding support can be difficult because you have to put yourself in such a vulnerable position. No one wants to listen to someone who is sobbing about their massive debt. The only people who will understand and empathize with you are other people who also are in debt. Don’t waste your time with people who are not taking enough action to better their life. They may just provide you with support to make themselves feel better without adding any value.


Motivating yourself to get out of debt can be as simple as getting yourself a third wave coffee or finally buying that video game that you always wanted to play– every time you reach a milestone. Remember to do all of your financial transactions in cash while you are in debt. A debt management plan can also do wonders for people who are so deep in debt that they have lost any hope of clearing it.

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