Have You Become Complacent with Your Debt Repayment?

Remember yesterday when I talked about the inspiring story of Joe Mihalic?

Today, I am over at Beating Broke sharing how Mihalic’s debt repayment compares to ours and what I have taken away from Mihalic’s story.

Here is an excerpt:

If you have tens of thousands of dollars to pay off, gazelle intensity can be exhausting. You can easily begin to feel sorry for yourself and lament all of the things you have to give up and sacrifice when paying down debt.

We started our journey to be debt free on October 20, 2011. Our debt was a mind-numbing $57,966.01. In the 7 months since then, we have paid down almost $10,000. (We are sitting right around $48,000 now.) I am proud of our progress, but we have reached the point where the journey is getting long and difficult. Gazelle intensity has lost its luster.

Mhorr Gazelle (Nanger dama mhorr) © by 5of7

While we have no intentions of adding any new debt, we sometimes want to slow down and enjoy life. I don’t want to work so hard all the time; I want to spend money on treats sometimes.

And just like that it happened. . .

Head over to Beating Broke to read the rest.  I would love to hear your thoughts!


  1. I enjoyed your post! Just thought I’d let you know on your blog 🙂

  2. Gazelles have intensity – because for them it is a matter of life and death. Debt crisis puts us in the same position – with our creditors as the Lions.

    After a while – debts repayments settle down and you become complacent – my solution was to mix it up every now and again.

    How long could I make £100 last? Could I make one weeks groceries stretch to two weeks food? Could I live solely from my store cupboard? How many days could I go without spending anything at all.

    Sure its all mind games – but kept me focussed on smaller goals than the big debt figure and accelerated my progress.

    I chose not to slack off, but then my “Lion” was making noises about taking my home and I wasn’t about to let that happen.

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