Treat Paying Off Debt As a Workout to Make It a Habit
Paying off debt may seem like a never-ending task, but coping with it is as much a habit as any other. You can use habits similar to the ones you use to work with your debt.
As personal finance blog Dream Beyond Debt points out, you often exercise to lose weight, build muscle, or stay healthy. Paying off debt has similar long-term goals to short-term habits. You can set aside a few dollars each day, practice balancing your budget, and turn your debt into another health care project:
Paying off debt is like building muscle. The more you work on it, the stronger it gets. Every dollar paid is a little more than I can raise. And the student loan no longer feels like the weight of the world.
The goals are different, but the principles are the same: break down debt payments into what you can handle every day. Make it easy to set aside a few dollars when you have a few minutes. Build on your habits, such as when you sit down to pay the bills, make an extra credit card payment. By viewing it as something you do on a regular basis, rather than when the due date is due, you can keep it in focus and enhance real financial health.
Every Dollar Down Makes Me Stronger | Dream Beyond Debt via Rockstar Finance