Financial Freedom

How to Conquer Debt Stress

This post may contain affiliate links and/or it may have been a partnership. Please view our policy page for more details.

Debt is a significant cause of stress for a lot of people. For some, debt is incurred through poor budget management, for others, it’s the result of unexpected circumstances – a sudden job loss or a medical emergency. But no matter who you are or how you got into debt, the stress of working your way back to solvency can be crippling and detrimental to your progress. 

If you want to conquer your debt, you have to conquer your debt stress first. This is no time to bury your head in the sand and hope it will go away. You need to work out a strategy that allows you to rebuild your savings while dealing with your immediate debt problems. 

Dealing with debt stress is a huge burden that many of us face. Here are some tips on how to conquer debt stress in a positive way.

Image Credit: Pexels CC0 Licence

Get Help

When you can’t do something on your own, you have to get help. Money might be one of the last remaining taboo subjects, but it is vital that you overcome your embarrassment to get this sorted. This is especially important if your debt has escalated to such an extent that you are facing a lawsuit. You really should get help if you are facing a debt lawsuit if you are to have any hope of success. 

Financial advisors can also be useful and help you get back on track. However, do be aware that you will need to pay your advisor for their time so be wary of over-paying for their advice. If you are looking for free advice, there are lots of blogs around the internet that can really help. Investopedia is ideal for defining and explaining various financial products and ideas and NerdWallet is pretty good for ideas too. 

Make Steady Progress

One of the biggest causes of stress with debt is the idea that you have to pay it all off at once, right now. Of course, this will be impossible! 

Making steady progress is about chipping away at your debt until it gradually disappears. Budgeting is usually the best way to manage your money and getting your budget back on track will do your financial health a lot of good. 

The important thing to remember is that you aren’t just eliminating debt, you are also living now. Don’t be overly ambitious with your goals; set achievable targets and work step by step. It might be hard to stick with it but once you get into the swing of budgeting and saving, it will make every aspect of your life more manageable. 

Use Calming Techniques

It’s all too easy to become overwhelmed and panicky about money troubles. But, if you can stay calm and think clearly about the issue, you will find it much easier to deal with. Doing some relaxing exercises can really help to steady your mind and reduce your stress. Indeed, simply inhaling deeply through the nose and exhaling through your mouth can make a big difference.

As scary as debt can be, the stress it causes can be helped. Asking for advice is your first port of call, then as you make steady progress, your stress will begin to calm down too. 

You can do this. 

Leave a Reply

CommentLuv badge

This site uses Akismet to reduce spam. Learn how your comment data is processed.

A healthy lifestyle can benefit a child in many ways. These three key things will help ensure they have a healthy lifestyle. #healthylifestyle #parentingtips #lifestyle
How Can a Healthy Lifestyle Benefit Your Child?

Most parents tend to look for ways in which they can...

We all need to make a difference in our environments. Here are tips on how to be more eco-friendly at work.
How to Be More Eco-Friendly at Work

In a changing world, it’s important for all of us as...

Being a wife to a hard-working man has some challenges of its own. Do you feel this pain points too in your life?
Being A Wife To A Hard Working Man

My husband wakes up at 3:30 AM for work, while our...

Choosing a nursery is one of the biggest decisions you'll make for your kids. Here is some advice on helping you decide the right one. #parentingtips #parenting #parentingadvice
Advice for Parents Choosing a Nursery

When the time comes for you to start choosing a nursery...

By using these budget ideas for lazy people you'll get yourself on track to saving money and even earning more of it. #budgeting #savingmoney #budget #moneymanagement
Budget Ideas for Lazy People

A budget is a necessary evil, even for lazy people. If...

Use these seven tips to help you manage your money during the holidays. Which of these money management tips are you using? #moneymanagement #money #holidaybudget #savemoney #sharinglifesmoments
7 Tips To Help You Manage Your Money During the Holidays

Managing your budget during the holidays can be a challenge. More...

Knowing the principles of personal financial management will help you to have financial freedom faster. These simple tips will help you get started.
The Principles Of Personal Financial Management

Being able to manage one’s finances should be incredibly simple; but...

Student loan debt affects so many people in the US. Here are five tips for clearing student loan debts quickly.
5 Tips For Clearing Student Loan Debts Quickly

So many people leave college with a mountain of debt and...

Here are the key bathroom renovation ideas you'll want to do to increase your home's value. They aren't overly costly either.
8 Bathroom Renovation Ideas that Will Increase Your Home’s Value

If you wish to increase the market value of your home,...

Here is some helpful advice from the experts on how you can start protecting the foundations of your building.
Top Tips for Protecting the Foundations of Your Building

Over time, poor drainage, tree roots, and soil shrinkage can all...

Be sure to explore the various kinds of furniture out there. Here are some features in design a sectional sofa that you might want.
Design Features to Look for in a Sectional Sofa

When buying furniture, it’s always a good idea to know what...

Keep your house comfortable with these climate control tips. Which of these climate control tips are you using?
Stay Comfortable with These Climate Control Tips

When the weather is at its most extreme it can be...

Juggling everything can be a challenge. Read these tips to pull off working at home, parenting, and marriage.
Tips to Pull off Working at Home, Parenting, and Marriage

Working from home can be a liberating experience, especially if you...

Make sure that you check out these business books for entrepreneurs to help you gain the right business mindset and tools for success. #entrepreneurs #mindset #businesssuccess
Top Business Books for Entrepreneurs: Part 2

I’ve got a huge list of business books for entrepreneurs lined...

Transform your life with these top books for entrepreneurs this year. These books will help you have life-changing experiences.
Top Books for Entrepreneurs: Part 1

As an entrepreneur who has been working independently off and on...

Here are some tips on how to make money letting a property. These tips are going to help you make more money.
How to Make Money Letting a Property

Putting your savings into property is a great way to invest....

Enter to win the Christmas Jars amazing family friendly movie in this giveaway. #ChristmasJarsL3 #giveaway
Christmas Jars Movie And Giveaway

There some family-friendly movies that are well worth watching. Zeva and...

Prepare to be moved by another Kendrick Brothers' movie, OVERCOMER this weekend August 23, 2019. Get your movie tickets now! #overcomermovie #Flyby #ad
OVERCOMER Movie Thoughts

I’ve been a fan of the Kendrick Brothers Production movies since...

Get your family ready to watch the UGLYDOLLS family movie this weekend. Learn more about it here!
UGLYDOLLS Family Movie May Change Society

We live in a society where a person’s appearance is one...

DUMBO movie is coming to life. Learn more about this movie and a bit of information about myself here.
DUMBO New Edition Releases Soon

One of my favorite movies growing up was DUMBO. I was...

shares