Just getting tired

I understand how you feel. You work and work and work and you have nothing to show for it because you are paying for stuff you already have. It is tiring. Here is a suggestion. Instead of trying to pay it all at once and paying more than minimu on EVEYTHING, concentrate your payments. List all your debts and what the minimum payment is. Then decide which one you want to pay off first (pick a little one). Concentrate all your extra money on paying that one. Pay the minimums on the others, but that is it. Keep doing that until you get the first one paid off. Then treat yourself to a small celebration. Don't go into debt to do it, but just celebrate in someway. This feeling of accomplishment will help with the tiredness. Now, that you have paid off one debt, move on to concentrating on the next one. But, don't just put all the extra there, include what would have been the minimum payment on the first debt. Keep doing this until everything is paid off. If you pay off a credit card, put that card away and DON"T USE IT AGAIN. Don't close it, that hurts your credit score. But don't add to your debt by using it again. Here is how the system works: Debts: Car Payment: $350.00 a month. Credit Card #1: $150 a month Credit Card #2: $275 a month Student Loans: $1500.00 a month. Say credit card #1 has the smallest balance remaining. You have $400 a month to put towards debt payoff. So, you pay $$550 a month on credit card #1 every month until it is paid off. Then on credit card #2, you pay $550 + 275 for a total of $825 every month until it is paid off. And so on. Having a plan, and celebrating milestones along the way will help with the tiredness. You feel like you are accomplishing something if you pay something completely off rather than continually making barely above minimum payments on everything.

Sounds like you are doing your best to get over the hump. Thankfully my hubby and I have not gotten into too much debt. But we are watching EVERY penny. That too can be frustrating. At least your debt went to a degree and not something frivolous.

I feel exactly the same way! I know that we are doing some progress with our debt reduction schemes and all but it just seems like the burden is getting heavier and heavier. It seems like even though it gets reduced as time goes by, the fact that I've been carrying it for so long makes it so unbearable. I want it to be all over already so that I can finally buy or save for something I want. It's like I've been working to make the credit card companies rich.

cutepenguin, in my own understanding that you feel trap at the moment. It is really tough to recover if you started bad decision to begin with. Im sure you are aware that the interest is very high, that could cause you more in long period of time. I was there before and luckily i've straighten it up. What I did is budget my income wisely and be conservative in my expenses. I make a list of all the payment to be done in a month and look it closely all the time. If there is an extra money, I'll make also an extra payment to the one that has a high interest rate. By that way, I'll save some from getting high interest every month. Once the pricipal amount of you debt reduce the lower the interest you paid and you may be surprise how effective that is. It works for me . Goodluck!