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You are here: Home / Budgeting / What to Do When You Fail at Paying Off Debt

What to Do When You Fail at Paying Off Debt

Tips like these helped us pay off $127K in debt. You can read our story in Slaying the Debt Dragon: How One Family Conquered Their Money Monster and Found an Inspired Happily Ever After.

February 2, 2016 By Cherie Lowe

You overspent. You made a mistake. You busted your budget. Now what? What to do when you fail at paying off debt and how to get back on track.

Tips like these helped us pay off $127K in debt. You can read our story in  Slaying the Debt Dragon: How One Family Conquered Their Money Monster and Found an Inspired Happily Ever After.

It’s happened to you. It’s happened to me. You’ve set a goal in your life:

Reduce debt.
Strive toward health.
Quit (insert bad habit).
Improve your relationship with (your spouse, your child, your parents).

Then, life sets in and you fall oh-so-short of your goal and ambition. You overspend at the store. You overindulge on candy. You start (again). You yell or fall into unhealthy relationship habits.

We feel guilty . . .  like we are never going to be able to master ___________. How could we be so stupid? How is it we find ourselves in the midst of the same problems with the same results and little to no hope for future change?

What’s the point? We’re just going to end up back at the same place where we began, maybe with even more sorrows for our troubles. Why even try again?

In fact, since we already blew it anyway, why not go ahead and blow it really *good.* I mean we’ll start again, on Monday. So a new pair of shoes comes along to “improve” upon the blown grocery budget. An ice cream sandwich marches up to accompany the candy. And steely silence partners with the screaming match you had with your child.

You overspent. You made a mistake. You busted your budget. Now what? What to do when you fail at paying off debt and how to get back on track.

All of this makes us get up on Monday morning, set a new goal and repeat the whole pattern all over again.

At its base definition, this is insanity: “Doing the same thing (or worse) and expecting a different outcome.”

Proverbs 26:11 says “As a dog returns to its vomit, so fools repeat their folly.” (NIV) I love the way The Message rephrases it – “As a dog eats its own vomit, so fools recycle silliness.” Both versions are high on the icky factor but the visual metaphor hammers home the point that it’s ridiculous to continue a failed habit. You are simply setting yourself up for failure, time and time again.

If your budget . . . nutrition plan . . . method of cessation . . . relationship strategy didn’t work last time, it’s not going to work again, no matter how hard you try or push to make it “work.”

It’s time for a new plan. Don’t beat yourself up or repeat your crazy. Ask for wisdom, seek counsel, and began again. 

Do you struggle with cycle of busting your budget, overindulging, feeling guilty, and starting the crazy all over again? How do you cope?

My book is now available: Slaying the Debt Dragon: How One Family Conquered Their Money Monster and Found an Inspired Happily Ever After. You can also check out Inspiration to Pay Off Debt: 30 Days of Encouragement from the Queen of Free on Kindle.  

This post contains an affiliate link. That means when you get a great deal or maybe even something for free, you also help our family pay off our mortgage early. And for that, we royally thank you!

Related posts:

31 Debt Free Missions: Organize Receipts Keep excellent records in your quest to pay off debt. The practice is essential and these great tips will help you up your record keeping game.31 Ways to Kick Debt in the Teeth: KEEP EXCELLENT RECORDS Think you will be miserable when paying off debt? Think again. There is plenty of joy in the journey. Here are some ways to look for it.31 Ways to Kick Debt in the Teeth: DUMP THE PITY PARTY To pay off debt, you will need more income. In less than an hour begin to take steps toward getting a side shuffle that pays well.31 Debt Free Missions: Earn Extra Income
Signature
My book is now available: Slaying the Debt Dragon: How One Family Conquered Their Money Monster and Found an Inspired Happily Ever After. You can also check out The Debt Free Devotional: 30 Days of Encouragement From the Bible For Those Paying Off Debt on Kindle.

This post contains an affiliate link. That means when you get a great deal or maybe even something for free, you also help our family pay off our mortgage early. And for that, we royally thank you!
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Cherie Lowe is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

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Testimonials

  • Margaret FeinbergMargaret FeinbergAuthor of Fight Back With Joy

    "Cherie Lowe is a gifted writer, researcher, and thinker who lives what she teaches. Her inspirational story reminds all of us that we don’t have to fall prey the debt dragon. Living debt free is possible if you follow Lowe’s sound and practical wisdom."

  • Ruth SoukupRuth SoukupLiving Well Spending Less

    "When it comes to saving money and paying off debt, Cherie not only talks the talk, but truly walks the walk! Sharing easy-to-implement ideas along with a dose of tough love, Cherie leads with the perfect combination of empathy and authority. If you are struggling to pay off debt, you won't find a better cheerleader."

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