Debt should not be forever

When your friends talk about debt and the media talks about the average debt of SA households, you can come to believe that debt is just part of life. So even though you may have moments (or months) of worry, at some point it can become a normalized stress, just another frustration of modern living.

If your friends and family think debt is a way of life, you’re more likely to accept debt as part of your life. But it doesn’t have to be like that. You can be debt free.

Like most people I had grown to accept debt as part of life and that it's a normal thing to do. I even considered it as part of my monthly budget indefinitely.

Deep down I knew that I didn't want to be like those people with a 30 year home loan who believe this is it for them without much regard to when it will end, or making it end sooner. 30 years is a very long time and in between life happens. I realised that to accept this time-frame just makes you desensitized to this disastrous life.

So I got tired of paying off things that I didn't need anymore.  I got tired of spending what seems to be an endless amount of time worrying about finances when I could simply spend it living a happy life.

Once I saw debt for what it was (in my case, a chain that was binding me to jobs that I didn't like anymore and keeping me living the way I wanted to live), I was free.  I stopped buying in to the notion that I need to live the rest of my life with debt and that “debt is normal”.

I imagined a life where my money was money and I didn't have to pay any at the end of the month with it. I imagined a life where I lived without the costly financial burden of debt, where I can give freely and plan for the future.

I deserved a debt free life and I was going to make it happen.  So I doubled and tripled my payments to get rid of it.

So if this is what you want for yourself, I encourage you not to not be lazy about your debt and stop treating it like a friend that’s going to stick around for a while. Debt is not your friend but it's also not going to go away on it's own.  It will take a lot of work, but at the end I know it will be worth it.