Have you ever started to dread getting the mail? And when you do decide to sort through the mail, its like looking at a kaleidoscope because the bills have changed just about every color you could imagine! It has been a reality for most of us at one point or another but we can not afford to let mail cause this level of anxiety. Especially when I haven't even talked about opening them yet!!!
In the stressful situation known as being in debt, you have a choice as to which defense mechanism you will employ. There are a variety of actions defined as defense mechanisms but today we are going to keep it simple. My man Biggie said it best, "Our situation is a tight one, what you gonna do fight or run?" Yes, ladies and gentlemen I am talking about the fight or flight response to stressful and/ or perceived harmful events. It seems quite easy to ignore those bills and run from the responsibility of debt, but at some point it will cost you!
When you choose flight as your defense against debt, you keep your stress level high, negatively affect your credit score, pay more in late fees and pay more in interest when you want to buy a car or home! So in the end you end up living like a dog chasing it's tail, except I can guarantee actual dogs chasing their tails are having more fun than you! I am encouraging you to stop chasing your tail and stop running!
If you are having trouble paying a bill call the company most of them can help set up a payment plan option. See what you can work out to avoid having bills sent to collections and affecting your credit even further! Research your options with a financial advisor most if not all banks have them and most of them will sit down with you for free! Every situatation is different so I can't tell you which path to take but I can tell you to FIGHT for the vision you have your life!
Make sure you subscribe to our newsletter be a Money Yogi, a great benefit to being a part of this community is I will send out reminders for you to pay your bills! Why? Because Late Fees Suck you can buy shoes instead! And most importantly I want you to stop running!
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