You must learn or behave how to get out of debt!!

I have no credit cards, I just have my regular utilities etc, but I have a whooping student loan, that will never be payed back because I do not work anymore.

Hi raydene! I read the link and it is really good information and advice. I do think that I have learned so much about the things that I have lacked and taken for granted somehow. the things that he said that you know what to do but the fear of making the mistake all over again is such an overwhelming factor. I guess, assessing again where I am at and weighing all the negatives and positives of all the alternative courses of actions I am planning to take should be really thought about. Although I admit that I have been through this, the thinking, the weighing and the planning but the time to carry out my plans is still on hold for reasons that are yet to overcome and at the same time the ways that I need to find so I can carry them out fully. Thank you for sharing the link for it somehow reminded me again on what I should be doing. Take care and God bless!

I think you are right, getting out of debt is actuallt about developing a certain self- discipline and changing your behaviour. It's like we all know the theory of getting out of debt - just spend less than you earn. However, while most of us know about what we need to do to get out of debt, most of us in debt don't do it, particularly when it comes to spending on our indulgences. I have an aquaintaince who at any given time owes 20 loan sharks. Each of them charges him an average of 20 percent a week. Every week's loan repayment is around S$2000 (a little over US$1,500 at current exchange rates) and his monthly income is exactly the same as his weekly debt repayments. This guy has had a heart attack. But instead of taking his heart medication and trying to get out of debt, he continues to spend money he does not have on his women and continues struggling every day to pay of the loan sharks. Can he solve his debt problem. Tough but there are ways. He can stop spending the money on his various mistressess, which got him into the debt in the first place and save the money for debt repayment and taking his medication. But will he do it? The answer is tragically obvious.