| | | |

Get Out of Debt: 5 Excuses You Will Use To Stay In Debt

This post may contain affiliate links which might earn us money. Please read my Disclosure and Privacy policies here

Struggling with your finances can be so frustrating, especially when you continue to fail at getting out of debt. You know you have to do something about your debt. You want to get out of debt so bad.

Every time you start to do something about it, then somehow “something” happens and you are back to where you started.

You know you don’t want to be in debt. You want to take control of your finances; yet, somehow you keep failing at getting out of debt. What if I told you that the reason you are failing, is because of you.

You are the reason you are failing at getting yourself out of debt. You will fail to get out of debt, no matter how many times you try.

That is, unless you know and change the reasons why you are failing to take control of your finances, you will never get out of debt.

You need to focus on the reasons why you are failing first.

Why are you are continuing to fail every time you want to start to kill your debt?

If you don’t know why you are failing at getting out of debt, again, you will fail to get out of debt.

I remember knowing that I needed to fix my finances, starting to do something about getting out of debt, and a few months later I go back to where I was.

I would fail every time, and I didn’t know why.

I would blame everyone, and I would give up.

It wasn’t until later when I realized the reasons why I was failing and decided to give my debt killing journey a try again. I didn’t fail after that, and I know you won’t fail either.

The good news is that your financial situation is fixable, you can start and continue with your financial journey without failing or giving up.

You are trying to get out of debt and you continue to fail over and over again. The reason you are failing is going to surprise you and might sting a bit. The good news is that you can break this failing cycle by learning and understand the reasons behind your failures. #money #debt5 Reasons You Will Fail To Get Out Of Debt

Outside Influences

We live in a country that encourages debt. You know it, and I know it.

Everywhere you go, we are being influenced by credit card applications, car loans, and so much more. It’s encouraged for us to borrow to get what we want, so we do it because society says it’s OK.

We live to keep up with the Joneses and, whether we like it or not, we fall for this all the time; that’s when we get ourselves into debt.

Check out these money posts:

The solution to this problem is to know that you don’t have to follow the crowd; that you don’t have to borrow to get what you want. By working hard and saving money, you can accomplish whatever your heart desires without getting into debt.

Lack of Planning

Many people don’t even have a plan of what they want in life and with their finances. They have dreams, but those dreams are not put into plans.

Lack of planning is the reasons why we get ourselves into debt. We love to spend money, and some of us were not taught to spend it wisely. Due to lack of planning, we spend without realizing how bad this will affect us in the future.

No budget

Like planning, without a budget, your money is telling YOU what to do, not the other way around.

How do you know where your money is going without a budget? How are you controlling your finances if you don’t have a budget to show you where it’s going?

Start a budget and follow it.

Start telling your money where it’s going, and not the other way around. You will not get out of debt without a budget.

The right mindset

Do you have the right mindset to succeed?

This was one of my biggest struggles, and hard to overcome personally. If you don’t have the right mindset, you will fail to get out of debt. Having the right mindset will get you places; it will get you far.

If you have a broke mindset, you will need to change that mindset into a “wealthy” one. Not having a right mindset on life, on your finances, will set you up to fail.

This is important because no matter how much you want to save, you will fail if you don’t fix your mindset. With the wrong mindset, no matter how much money you have or gained, you will always be broke. Getting out of debt will not only change your finances but the way you view life as well.

No motivation

When starting this debt freedom journey, it is important that you continue to keep motivated. Enjoy the good and the bad during your road to paying off your debt.

Surround yourself with support and motivation. No one said that the road to financial freedom was going to be easy, but if you don’t find the motivation to continue and finish, you will fail to get out of debt.

Always remind yourself of why you are doing this. Think of why you are doing this and remember that you will make it. Others have taken this journey and succeeded; you can too. When the road gets tough, you must continue with the journey.

Don’t give up.

If you are failing to get out of debt, evaluate and see if these are the reasons you are failing.

Again, the road to financial freedom is not an easy one. You got yourself into it; you can get out of it. Always remember that you control your finances, and if it goes wrong, there’s no one to blame but you.

I learned this the hard way during my journey, and I will tell you that it was the best thing that ever happened to me.

I learned to see life and money differently. Sticking to your financial journey will help you succeed to get out of debt. What other reasons do you think people fail to get out of debt? Please share it with us.


Similar Posts


  1. Along with poor planning I’d bunch in student loans without an accurate picture of what pay off will look like. So much borrowing for fields that may or may not pay accordingly!

  2. I would say the two biggest reasons are failure to make above poverty wages in the first place, and then most people die before getting out of debt. All I know for sure is the average “estate” is worth less than ten grand.

  3. Pingback: Best Ways to Become Financially Free - Sarah Titus
  4. Pingback: Financial Management 101: Staying Out of the Red
  5. Pingback: 3 of the Top 2019 Money Goals You Can Do and Achieve
  6. Pingback: 12 Tips for Personal Debt Relief You Need to Learn * My Stay At Home Adventures

Leave a Reply