Excuses We Make for Staying in Debt

February 7, 2019

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Excuses We Make for Staying in Debt

I have a confession to make. I’ve been avoiding my student loan debt but now I want to make this year the year that I finally tackle it. Reality hit for me last year when I filed taxes. The federal government kept my whole tax refund because of student loan debt. Over the years I made excuses why I couldn’t get out of debt, and I was discouraged for a long time. I now believe that I can one day do my debt-free scream. In this article I’ll discuss common excuses we make for not eliminating debt and how we can combat them.

We All Have Debt

While it is true that many people have debt, it doesn’t mean that we need to accept it as our personal way of life. In order to get out of debt, you can’t be the “normal” American who just gets by. Sometimes you have to make hard choices, deal with naysayers, and cut back on those things you feel you can’t live without. Debt doesn’t have to be your lot in life forever.

My Debt is Too Much. It Will Never Happen

It is this excuse that caused me to ignore my student loan debt all these years. I was afraid that my income wouldn’t be enough to tackle it. I feared that I wouldn’t follow through with my plan if I set up one. I didn’t make the first step towards making a change. Perhaps you might feel the same way about your debt. You’re looking at the big numbers instead of the big picture long term. But if you take even a small step towards debt elimination by setting up a flexible payment plan, it’s possible. Today I signed up for a debt consolidation plan, and I’m determined to chop off the debt a little at a time.

I Have Other Financial Responsibilities

Yes you have kids, a mortgage, a car note, utilities, and groceries to buy. However, when you’re in debt, it makes it harder to fulfill your other responsibilities. You’re juggling so many obligations in addition to debt, and it causes stress. When you become debt free, you have more money and freedom to take of the things and people that matter the most to you. Consider ways you can cut expenses. Maybe you can sell your car and use public transportation. Or you can cut out dining at restaurants and cook more at home. Buy the kids’ clothes from a thrift store or online.

My Income Isn’t The Best

I don’t earn a high income, and I used this as an excuse to not pay down debt. It’s not about how much income you earn, but rather it is how well you manage it that determines how soon you can get out of debt. One thing you can do is hustle hard for extra income wherever you can. I now spend every day sending emails to potential clients, and I actually had some neat gigs lately. Use part of the extra income to pay the debt. Sell items you don’t need anymore online or to relatives and friends.

I Can Only Afford the Minimum Balance

Paying the minimum balance is better than not paying at all, but see if you can find ways to pay more than this. The reason is because when you only pay the minimum balance, you’re not tackling the interest accrued on your loans or credit cards. If you receive bonuses, raises or an inheritance, put that money towards your debt so you can speed up the process.

I Don’t Know Where to Start

I feel this way even now. But I received helpful advice from my aunt and mom, and I’ve been reading quite a few books and articles on credible websites. I used those resources and now I know my credit score, what is on my credit report, and how much I owe in student loans. From here I can start my debt-free journey on the right track.

I Like to Buy Nice Things

There is nothing wrong with buying nice things, but when materialism takes over your life, you’re likely to stay in debt. Once you start paying down your credit cards, freeze them or cut them up so that you’ll be less tempted to use them again. You can buy nice things using checks, cash or a debit card. A lot of the best gifts I bought for my kids were purchased with a debit card. Keep in mind that credit cards are just microloans that you have to repay later.

I Need to Focus More on Retirement Savings and the Kids’ Education

These are important matters, but debt will put a hole in your long-term savings plans. The last thing you want to do is enter your retirement years with a load of debt. Social security benefits are small at best, and you should have as much saved up with minimum debt. As for your kids’ education, you can temporarily put this on hold until you get upto speed with your debt.

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  1. I’m impressed, I must say. Really rarely do I encounter a blog that?s both educative and entertaining, and let me tell you, you have hit the nail on the head. Your idea is outstanding; the issue is something that not enough people are speaking intelligently about. I am very happy that I stumbled across this in my search for something relating to this.

    1. It takes quite a bit of research, patience and hard work. I believe in doing everything with excellence, and I’m also passionate about what I write about. This is what motivates me to keep my blog going. I have an active toddler girl so at times blogging gets a little challenging. But when I know that I can reach people with my work, it becomes rewarding for me. Thanks for the kind words.

  2. Hey, how’s it going?

    I want to pass along some very important news that everyone needs to hear!

    In December of 2017, Donald Trump made history by recognizing Jerusalem as the capital of Israel. Why is this big news? Because by this the Jewish people of Israel are now able to press forward in bringing about the Third Temple prophesied in the Bible.

    Jewish Rabbis have publicly announced that their Messiah will be revealed in the coming years who will be a leader and spiritual guide to all nations, gathering all religions under the worship of one God.

    Biblical prophecy tells us that this Jewish Messiah who will take the stage will be the antichrist “who opposes and exalts himself above all that is called God or that is worshiped, so that he sits as God in the temple of God, showing himself that he is God” (2 Thessalonians 2:4). For a time he will bring about a false peace, but “Therefore when you see the ‘abomination of desolation,’ spoken of by Daniel the prophet, standing in the holy place (Matthew 24:15)…then there will be great tribulation, such as has not been since the beginning of the world until this time, no, nor ever shall be” (Matthew 24:21).

    More importantly, the power that runs the world wants to put a RFID microchip in our body making us total slaves to them. This chip matches perfectly with the Mark of the Beast in the Bible, more specifically in Revelation 13:16-18:

    “He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.

    Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666.”

    Referring to the last days, this could only be speaking of a cashless society, which we have yet to see, but are heading towards. Otherwise, we could still buy or sell without the mark amongst others if physical money was still currency. This Mark couldn’t be spiritual because the word references two different physical locations. If it was spiritual it would just say in the forehead. RFID microchip implant technology will be the future of a one world cashless society containing digital currency. It will be implanted in the right-hand or the forehead, and we cannot buy or sell without it. Revelation 13:11-18 tells us that a false prophet will arise on the world scene doing miracles before men, deceiving them to receive this Mark. Do not be deceived! We must grow strong in Jesus. AT ALL COSTS, DO NOT TAKE IT!

    “Then a third angel followed them, saying with a loud voice, “If anyone worships the beast and his image, and receives his mark on his forehead or on his hand, he himself shall also drink of the wine of the wrath of God, which is poured out full strength into the cup of His indignation. He shall be tormented with fire and brimstone in the presence of the holy angels and in the presence of the Lamb. And the smoke of their torment ascends forever and ever; and they have no rest day or night, who worship the beast and his image, and whoever receives the mark of his name” (Revelation 14:9-11).

    People have been saying the end is coming for many years, but we needed two key things. One, the Third Temple, and two, the technology for a cashless society to fulfill the prophecy of the Mark of the Beast.

    Visit http://WWW.BIBLEFREEDOM.COM to see proof for these things and why the Bible truly is the word of God!

    If you haven’t already, it is time to seek God with all your heart. Jesus loves you more than you could imagine. He wants to have a relationship with you and redeem you from your sins. Turn to Him and repent while there is still hope! This is forever…God bless!


    We all know God exists. Why? Because without Him, we couldn’t prove anything at all. Do we live our lives as if we cannot know anything? No. So why is God necessary? In order to know anything for certain, you would have to know everything, or have revelation from somebody who does. Who is capable of knowing everything? God. So to know anything, you would have to be God, or know God.

    A worldview without God cannot account for the uniformity and intelligibility of nature. And why is it that we can even reason that God is the best explanation for this if there is no God? We are given reason to know or reject God, but never to know that He does not exist.

    It has been calculated by Roger Penrose that the odds of the initial conditions for the big bang to produce the universe that we see to be a number so big, that we could put a zero on every particle in the universe, and even that would not be enough to use every zero. What are the odds that God created the universe? Odds are no such thing. Who of you would gamble your life on one coin flip?

    Is there evidence that the Bible is the truth? Yes. Did you know that the creation accounts listed in the book of Genesis are not only all correct, but are also in the correct chronological order? That the Bible doesn’t say the Earth was formed in six 24-hour days but rather six long but finite periods of time? That the Bible makes 10 times more creation claims than all major “holy” books combined with no contradictions, while these other books have errors in them? The Bible stood alone by concurring with the big bang saying, “In the beginning God created the heaven and the earth” (Genesis 1:1); and says our universe is expanding, thousands of years before scientists discovered these things. Watch a potential life-changing video on the front page of http://WWW.BIBLEFREEDOM.COM with Astronomer(PhD) Hugh Ross explaining all these facts based on published scientific data. He has authored many books, backed even by atheist scientists.

    Jesus came to pay a debt that we could not; to be our legal justifier to reconcile us back to a Holy God; only if we are willing to receive Him: “For the wages of sin is death…” (Romans 6:23).

    God so loved the world that He gave us His only begotten son, so that whoever believes in Him, through faith, shall not perish, but have everlasting life. Jesus says if we wish to enter into life to keep the commands! The two greatest commands are to love God with all your heart, soul, strength, and mind; and your neighbor as yourself. All the law hang on these commands. We must be born of and lead by the Holy Spirit, to be called children of God, to inherit the kingdom. If we are willing to humble ourselves in prayer to Jesus, to confess and forsake our sins, He is willing to give the Holy Spirit to those who keep asking of Him; giving us a new heart, leading us into all truth!

    Jesus came to free us from the bondage of sin. The everlasting fire was prepared for the devil and his angels due to disobedience to God’s law. If we do the same, what makes us any different than the devil? Jesus says unless we repent, we shall perish. For sin is the transgression of the law. We must walk in the Spirit so we may not fulfill the lusts of the flesh, being hatred, fornication, drunkenness and the like. Whoever practices such things will not inherit the kingdom (Galatians 5:16-26). If we sin, we may come before Jesus to ask for forgiveness (1 John 2:1-2). Evil thoughts are not sins, but rather temptations. It is not until these thoughts conceive and give birth by our own desires that they become sin (James 1:12-15). When we sin, we become in the likeness of the devil’s image, for he who sins is of the devil (1 John 3:8); but if we obey Jesus, in the image of God. For without holiness, we shall not see the Lord (Hebrews 12:14).

    The oldest religion in the world is holiness through faith (James 1:27). What religion did Adam and Eve follow before the fall? Jesus, Who became the last Adam, what religion does He follow? Is He not holy? He never told us to follow the rituals and traditions of man but to take up our cross and follow Him (Luke 9:23). There are many false doctrines being taught leading people astray. This is why we need the Holy Spirit for discernment. Unlike religion, holiness cannot be created. It is given to us from above by the baptism of the Spirit. Jesus is more than a religion; He is about having a personal relationship with the Father. Start by reading the Gospel of Matthew, to hear the words of God, to know His character and commandments. Follow and obey Jesus, for He is the way, the truth, and the life!

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