3 Ways Debt is Holding Me Back

Ya’ll I have not been doing so well with my debt repayment lately. With major things like car repairs, washing machine repairs, and doctor’s bills, it’s been a tough couple of months.

But after attending FinCon15, I was re-inspired to get back on track with paying off my debt.

Why? Because I am tired of my debt holding me back from things in life that I want to do. I know I’m not the only one who feels this way, but it’s time to change it. For real.

Here are 3 ways that debt is currently holding me back. I plan to milk them for all the motivation they can give me to get this debt paid off!

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I’ve never really done much travelling. After hearing about lots of amazing places and trips from people I talked with at FinCon and in other IRL run-ins lately, I’m ready to travel.

I’ve got the travel bug and I don’t think it’s going away any time soon.

I’ve even thought about selling all my stuff, buying an RV, and travelling the continental U.S. (Kind of like Michelle is doing.)

That said, I’m not going to be doing any big travel, other than for work, until my non-mortgage debts are paid off.

Taking Time Off

Another thing that debt is holding me back from doing is taking more time off from work. Now that I’ve quit my full-time job to work from home on my business, I thought I’d have a lot more “free time”. But the reality is that I still work close to 50-60 hours/week.

My friends can’t believe it when I tell them I’m that busy and I think some of them think I’m making it up.

But I love what I do so I don’t mind working this much most of the time.Β It would be nice to take more time off to spend with family and friends though. I don’t take much time off because I want to earn as much money as possible to pay my bills and (hopefully) put extra toward debt.

Pursuing Other Interests

Not only do I not have time to pursue many interests other than those related to growing my business, I don’t have the funds to do it either. Pursuing a hobby takes time and money. Because time is money that almost means that hobbies take money X2.

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Money is something I don’t have a lot of and I probably won’t until I get my debts paid off.

I’m tired of debt holding me back from my friends and family, pursuing new and old, unfinished hobbies, and holding me back from travelling.

When I think about these things I’m missing out on, it helps renew my focus on getting out of debt, building my emergency fund, and living life to the fullest!

I still want to live life in the meantime, but I’m going to do as frugally as I realistically can, seeing as how I’m totally not frugal by nature. πŸ˜‰

What is debt holding you back from?

About Kayla

Kayla is a mid-20s single girl living in the Midwest, USA. She is focused on paying off her consumer and student loans, while simplifying her life and closet. You can join her on her journey at ShoeaholicNoMore or follow her on Twitter.


  1. Being free of debt opens many possible doors. Being debt free can even allow you the opportunity to pursue a career that you might otherwise not have the opportunity to take. Say you want to get into a new career but it means starting off at a lower salary. With debt, you may not really have the option to make that choice, even if the opportunity is there to increase your salary down the road. But, if you’re debt free, you can most definitely consider the option.

    • That’s one thing that debt didn’t hold me back from. Granted, it took me a lot more work to get to the point that I could quit my job to pursue my freelance business than it would have if I were debt free, but I still did it anyway. πŸ™‚

  2. I have been slacking on my debt repayment lately. I am always motivated when I remind myself what I’m missing out on because of my debt. For me, I would like to travel more. This is kind of silly, but I would LOVE to hire someone to clean my house. I despise cleaning, but I’ve never really felt like I could justify the expense while being in debt.

    • I hear you. I’ve been slacking a bit lately too. Somewhat due to crazy expenses, but somewhat due to not being motivated. Ugh! Need to get back on track with paying it off so I can enjoy my money all of the time.

  3. Honestly, being able to put more money into my investments one day is what fuels my desire to pay off my debt. Seeing all that money that could be growing at tremendous rates in my 20’s going into a black hole makes me sad. But it’s not that it wasn’t all worth it. Having the education I have has helped me to get jobs and the car safely gets me to and from my job. But it would be great to not be under all that burden.

    • Wow! I’m impressed at your will power since the biggest thing you mention is being able to invest more. I guess I’m still far too into material things. lol

  4. We finished our debt management plan almost two years ago, but we’re still really trying to get the rest of our life back in order – we’re essentially playing “catch up” for things that needed to be done during our 55 months of debt repayment, but had to be delayed. The carpet in our home really needs to be replaced……it hasn’t happened yet, but it’s on the list!

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