Neil Campbell on June 30th, 2010

If you are in debt one the worst things you might have to cope with is isolation. A lot of people are ashamed of their debt problem and try very hard not to share it with anyone. This of course is the wrong way to go about solving any problem.

Even if you decide not to share the details of your debt problem with your friends and family (and I would seriously suggest that you ought to do so with your close family) you still need to have an outlet for all your concerns and emotions. This should help you to keep your problems in perspective and makes it more likely that you will be able to find a solution to your problems.

In my case the two people that I discussed my problems with most were my sister and my doctor (as I was depressed at the time). My sister provided non-judgemental support and I really looked forward to our weekly conversations. The experience of discussing my problems with my doctor was similar, but he was totally detached from my situation so in some ways it was easier to talk to him. Both were invaluable as I battled to solve my debt problem.

So who should you choose to help you through your debt problem? It could be a family member (ideally one not directly affected by your problems), a minister, a close friend, a doctor or even a debt support group. You need to make sure that whoever you choose is able to listen to your problems and offer advice if requested without being judgemental. They also need to be available and willing to help you. My experience of asking my sister for help was that she was pleased to be asked (although of course a little sad at the state I had got myself into).

Once you have started discussing your problems with someone you must keep on assessing whether this is helping you or not. If it isn’t working for you then never be afraid to stop the conversations (politely of course).

Tags: ,

3 Responses to “Solve Your Debt Problem – Talk About It”

  1. Talking about your debt issue has to be the first step. Taking that first step is very critical in organizing your finances.

  2. @Matt,

    Thanks for stopping by and commenting. Yes it’s the first step and also the hardest – to admit the mistakes that you have made to someone else.

  3. I do somewhat agree with Matt. The first step is always the hardest and let me tell you, debt problems can be a real pain in the derriere, pardon my french. An equally important step is to be careful about how much you spend, when you spend and on what you spend your money on. I frequently use Discount coupons to try and save as much money as I can. You can usually find lots of deals on a plethora of products but don’t overdo it. Saving some money on one product doesn’t mean you can now spend that money on something else.

Leave a Reply