When we are faced with the grim prospect of debt, our mind automatically goes into panic mode. We try to find ways to make extra money, or we frantically scramble for as much money as possible, thinking that we have to deprive ourselves to really escape that debt.
In order to get out of debt, you need to create your own plan so you can take control of your finances. Yes, you are paying out more in the short-term, but in the long run, you will see those monthly payments decrease exponentially!
It’s never beyond your reach, but you have to want to pay it off. Minimum payments are all well and good, but if you have a desire to be debt-free, either because you have a goal in mind, or you are fed up of missing out on things, this can be motivation enough.