Tuesday, November 22, 2011

Defeating Debt is about Behavior Modification

I realized something last night as I was watching Lesson 4 of Financial Peace University: getting out of debt is all about behavior modification. In order to get rid of the $41,000 of debt looming over my head, I must change the way I spend. I can no longer impulse purchase or get some "retail therapy." I must live at or BELOW my means, no longer above them. I can't afford nice purses, I can't afford to go out with girlfriends every weekend, I can't afford new clothes from Nordstrom's. And to be honest, these truths are hard to admit because these habits have been ingrained in me my whole life. I am so determined to get out of debt, though, that I have realized sacrificing these habits, this way of life, is worth the reward of no longer "being slave to the lender." I will defeat my debt.

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