One of the most valuable things I’ve learned on this debt journey is it becomes easier once you take away the stigma of money.
In general people are incredibly open about every other area of their lives, but when it comes to money that all changes. You’re not supposed to know how much your friends earn, you can’t know what debt they have, what they spend on things in their lives or what they have saved. It’s considered vulgar to talk about and rude to ask but, for us, it’s made it so much easier when we can talk about it!
We have great friends in our lives and the ones that we are closest too are the ones that we talk about money with. Just as it’s made our marriage even better by talking about money, it’s also made our friendships better as well. At the start it was a softly softly approach, the mention of a budget or a passing comment on paying off debt but then we realised how great it was to just lay out the numbers! We started telling people in detail what our numbers were. I started talking about how I was working on bringing areas of my budget down or started explaining why I was saying no to going out. All our friends know what we earn and it’s not to show off, it just gives a perspective on the debt payoff that we’re aiming for. The more I’ve talked about it the easier it’s got too talk about it.
Once we did start talking about it a fantastic thing happened- other people started talking to us about their finances as well. We realised that (although our numbers may be high) we’re not actually the only idiots in the world who didn’t know where their wages disappeared to!
It worked for us in three ways when we opened up about our money.
1- it’s easy to tell people that we can’t do something or suggest an alternative, free, plan of events
2- it took a bit of the guilt away for getting into this situation. We realised that everyone has debt in a varying degree and it didn’t make us terrible humans
3- it made us a bit more accountable for it. If you’re talking about it and being asked about it from people outside of your relationship then you want to keep on track that little bit more.
Peer pressure is a very real thing, it’s just changed now so that what we want to be doing well in is paying off debt, being self sufficient and planning for retirement 😂!
Have you found anything that’s made it easier to get debt free?