THIS SERIES: SIMPLIFY YOUR LIFE
And this so often becomes a snare: our need to be valued and accepted drives many to work long hours, and comply with unreasonable demands in the work place, in order to acquire the latest status symbol – the one the media declares will mark us out as people who have ‘arrived’. But frequently that image of success is a mere illusion, for so many people from all walks of life, do not actually own their stuff, but are living on borrowed funds.
In the UK…
- At the end of April 2019, outstanding credit card debt came to £72.7 billion, an average of £2,653 per household and £1,387 per adult.
- 350 people a day were declared insolvent or bankrupt in January to March 2019. This was equivalent to one person every 4 minutes and 7 seconds.
- Citizens Advice Bureaux in England, Wales and Northern Ireland dealt with 2,527 debt issues every day in the year to May 2019. The top three debt categories were Council Tax arrears, credit, store and charge cards, and debt relief orders.
- 15 properties were repossessed every day in the first quarter 2019, or one every 1 hour and 34 minutes.
- Borrowers were paying £139 million a day in interest by April 2019.
The old adage is true: the borrower is servant to the lender. Credit card repayments, along with too-large mortgages are a huge source of anxiety in the western world.
And then with ownership, real or implied, also comes responsibility. The more we own, the more we have to maintain, and the more we worry about it all. Possession whether we like it or not, brings stress.
Perhaps it’s a good time to review our stuff and what it is costing us in terms of anxiety and stress? What can we prune and actually improve our quality of life? (The answer to this will be different for each individual or household – there are no rules…… or brownie points – just hopefully more rest!)
And what about our debts? Maybe now is also the time to make the brave decision to take the necessary steps to get out of debt and walk free?
Some helpful links:
And a Christian debt counselling service:
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[**Photo credit: William White @ Unsplash, with thanks]
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