How many excuses have you heard regarding the ability of people to get out of debt? I will feature here The Best Excuses Why people are in Debt. I believe those excuses are a way for individuals to place a barrier around not confronting the person in the mirror, and ultimately how that debt should be eliminated. I have read some of these and I have heard people actually say these to me. Now the people that said it to me, instead of giving excuses, did it ever occur to you that its easier to just asked for help with the debt.
The thing is I feel that they are not ready for the financial help. It takes hard truths and real struggle for people to change. Plus people might feel ashamed to disclose their entire financial disaster, and finally what they really owe. If you find the right mentor, they can steer you in the right direction how to tackle the debt monster. I feel their are so many methods, but the two most widely used methods that come to mind are the Debt snowball and the Debt avalanche. See Below for The Best excuses why people are in Debt.
The Best Excuses Why People are in Debt:
I will only use credit cards to buy the things I need. (Need List is very long)
I will always have debt, something always comes up. (Umm Wrong)
I can never find extra money at the end of the month. (Really)
I work hard to play hard. (Dumb Statement)
You can’t take it with you, when you die. (Of Course Not Genius)
The rich have debt as well. (Only the Dumb Ones Do)
Just enjoy your life, your still young. (Live for 45 years with debt is what your saying)
My interest rate is too high or I have a 0% rate. (Ok you still owe MasterCard)
The kids “Wants” are more important than paying off debt. (Live in poverty, nice lesson)
Live in the present (Really Means live with debt)
I don’t know how to get out of it. (Read a book)
I only use credit cards for rewards.
I can use my next tax return to pay it off. (Not happening)
I can’t tell my family No, so we will continue to live life. (Aka above means)
I can’t pay off the full balance every month, only the minimum. (Not enough focus)
I won’t pay this month; maybe next, I have to save the money for vacation. (In Denial)
I know it might be hard to be free of debt and nobody is perfect when it comes to personal money management. But for the love of God stop using these excuses, you cannot possibly believe that debt will be around forever. Tell the person in the reflection No, anytime you want something you can’t afford. It is that simple. Save up for anything you want later and wait till you have the cash.
Comment the best excuses why people are in debt you ever heard and I’ll add it to the list.
Rich Uncle EL
PS: If you can’t remember a debt excuse, just copy and paste the best one from the list above.
Pic credit to FreeDigitalPhotos.Net
Agree. I have some friends who are in debt now. And some of that statement were their excuses. I don't think that is smart enough.
Yes I want people to be above the excuses, because it will help them overcome financial issues.
From my friend "I'm already up to my neck in student debt so whats a little bit more?!?". What can I do? I just shake my head.
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Too many excuses for being in debt. Once you are out, you save a ton of money in interest.
I agree and its what is being said everyday to consciously live with debt.
There are always many excuses to not want to do something you really don't want to do. The first thing people need to do is accept their situation and make plans to get out of debt. I tell folks to stop making excuses.
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