When going through any sort of financially trying times, it is perfectly normal to feel overwhelmed. From large amounts of credit card debt, impending foreclosure, or expendable income slowly being eaten away, money-related stress is seemingly everywhere these days.

Even when the decision to file for bankruptcy has been made, money-related stress doesn’t completely disappear. It is important to keep everything in perspective, though.

Whether you are able to buckle down and pay off your debts, or have decided to file for bankruptcy, you must always remember that as long as you keep your eyes trained on the goal of debt-free living, a little bit of suffering in the present is not a big deal.

In paying off your debts, you will be required to make some lifestyle sacrifices in order to focus on repayment. This can either mean selling off extra vehicles, reducing vacation budgets, or avoiding restaurants. In bankruptcy proceedings, often times you will have to give up your possessions to the trustee, who will divide their value between your creditors.

In both those situations, the sacrifices are temporary, and are done specifically to improve your future. Remember, you are not expected to give up your entire life, and you certainly should not feel bad about spending money on things you enjoy. Just take a few steps back, and remember your goal.

No one ever said that going through financial difficulties was fun, but making it through them to financial independence is worth just about any price.

Bradford Botes
Written by Bradford Botes

Brad Botes is a principal of each of the Bond & Botes Law Offices throughout Alabama, Mississippi, and Tennessee. He holds a Bachelor of Science from the University of North Alabama, and a Juris Doctorate from Cumberland School of Law at Samford University. He and his team of bankruptcy lawyers have spent over 30 years guiding people through financial challenges. Read his full bio here.

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