A survey out today says that some 8.2 million people in the UK have unsecured debt of more than £10,000.  Apparently, a quarter of them regularly struggle to keep up with their repayments.  

And this debt is only for the likes of credit cards, store cards, personal loans and overdrafts. It does not take into account any debt secured on their properties.  You can read more about it here.

Having spent the borrowed money, undoubtedly buying things or experiences they believed would make them happy, these people are now having to face up to stress and feelings of insecurity.   

True.  Having spent the bank’s money may have given them an initial feeling and that ‘rush’ associated with the purchase, or acquisition of whatever, but that good feeling soon fades…otherwise they wouldn’t have to keep going back doing it again and again. 

You know this for yourself.

Being in serious debt can, and will, emotionally drain you.  This emotional cost – anxiety, shame and depression even - robs you of the joy of life,  so you have less of a sense of fun, enjoyment and wonder.   

It is too high a price to pay.   

(If you got here from anywhere other than my website: www.ifyouwantit.co.uk
feel free to check it out)