Question by Tornado: How do you deal with the anxiety and stress when you are drowning in debt?
We are $ 45,000 in debt, two house payments behind, and I have a commission only job. We have two children and I am so stressed that I am having chest pains, panic attacks, and am having trouble concentrating. I am the only income earner in my household and am trying to keep afloat and not lose our home. How do I keep myself up and keep this from eating at me every single minute of the day?
Answer by Einsteinetta
First of all, please don’t think I am not sympathetic. I understand it must be really tough. However, that being said, let’s look at changing the situation. Changing the situation will alleviate some of the anxiety and stress.
#1 – Believe that God will take care of you and your family. He always has, so far, hasn’t He? Talk to Him about it.
You’ve probably done a lot of this, but two heads are better than one, just in case you missed something:
#2 – Sell anything you can on Craigslist or E-Bay.
#3 – Look for ways to cut spending, like use washable diapers instead of Pampers, cook dry beans instead of using canned or frozen foods.
#4 – Eat a lot of beans and rice. Give the kids milk. Use oatmeal instead of expensive, sugary cereal. Make your bread instead of buying it. It’s healthier anyway.
#5 – Find a part time job of any kind to moonlight. Even minimum wage if it’s a steady income is helpful. If you make only $ 20. a day every week day, you’re making $ 100. more a week. Or have your spouse (if you have one, and if he or she can) find some kind of a job on a different shift than you have. You take care of the kids while (s)he works and vice versa. One of you get a weekend job.
#6 – Hit the bills with everything you can afford.
#7 – Shut off cable tv. and even extra phones, and any other luxury you have.
#8 – Try to sell your house and rent something smaller, less expensive.
#9 – Check with a local home lender and see if you can re-finance your home or if there is a program to ease the problem.
#10- Read Malachi 3:10 & 11 in the Holy Bible and follow it. It will seem like it would be backwards, but it works!
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