Debtfree Magazine Sept 2018 Editor’s Note
Dealing with debt stress can leave you wishing you could just get away and escape your problems for a day or two. That’s why long weekends and public holidays can be a real relief. That’s also why the first day back at work after a break can be tough.
Debt stress is one of those things that make its way into almost every day. It hits you when you are at the shop thinking about if you can afford to buy certain items. It hits you when you are thinking about payday coming up and how quickly your money disappears. It even hits you while you are lying in bed at night thinking about life, the universe and everything. It impacts on your relationships and mood.
Wouldn’t it be great to get away from all that stress?
Wouldn’t it be great to get away from all that stress? Well, you can but not in the way you might think. The truth is that with debt you can’t just run away or stick your head in the sand. You have to rather face it head on. You have to make a plan (sometimes with a little professional help) and then stick to the plan. That way, you can head to the shop and know how much to spend. You can know how much of your paycheck will go towards your debt and what you will take home. Making a plan and sticking to it can even help you sleep better at night.
It can be a real relief when you first enter debt review and things start to turn around. Your stress starts to recede. You have a plan and know what you need to do to stick to it. It is like a sudden break from all your debt stress. So, what happens when you have done all that and suddenly someone calls and says they are coming to take your car?
This issue we talk about what options you have when faced with a possible repossession. It is good to have a plan if this ever comes up…even if you never actually faced with this situation. Avoid the panic by knowing what your rights are.
‘Avoid the panic by knowing what your rights are’
We also talk about new court cases which are going to make it easier than ever to get your car and even home back and out of the clutches of auctioneers. We also have lots of news including a look at how the NCR have done a 180 on the topic of reckless lending (which we covered in the previous issue in some detail).
If you are dealing with debt and it is stressing you out then you should think about how you want to handle the situation. Some stresses you can avoid. Others you can manage. Some you have to face head on and crush. You can decide how you want to deal with your debt situation. If you handle it right not only will you reduce your stress short term but you will also end up debt free.