Self, I’m Getting Out of Debt

Self, I'm Getting Out of Debt

How could you possibly talk yourself out of debt? Could getting out of debt really be that easy?

Well no, it’s not actually.

It’s not as easy as just talking to yourself in the right way. There has to be action.

Even the Bible says “In all toil there is profit, but mere talk tends only to poverty” (Proverbs 14:23).

Use The Right Kind of Self Talk

But the right kind of talk can get you into the right mindset to get out of debt, or even avoid new debt. When you’re using credit cards, loans, and such to pay for things, it’s easy to use destructive self talk scripts like these examples (I’ve been known to use these in the past):

  • I deserve it
  • You’ve had a tough day, this will make it better
  • Everyone else has one
  • It’s on sale!
  • There’s only one left, It will be gone if I don’t buy it now

But if you actively take steps to counteract these scripts that are so easy to believe, you can start changing your mindset about debt and how you spend money.

Fight Back Using New Scripts

All you have to do is to learn to catch yourself red handed when using the kind of self talk that leads to spending too much, and fight back using new scripts that allow you to change your old habits into ones that are healthier and wiser.

Here are some new scripts you can use:

Old Script: “Go ahead, you deserve it!”

New Script: “You work hard for your money, do you have enough cash to buy this without feeling guilty?”

There’s nothing wrong with occasionally rewarding yourself. But if it’s going to add to a pile of debt that’s already a source of stress in your life, all you’re really doing is adding more stress. And the circle continues

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Source: Crosswalk.com | Jason Cabler, Celebrating Financial Freedom