"After Laura and Mary had washed and wiped the dishes, swept the floor, made their bed, and dusted, they settled down with their books. But the house was so cozy and pretty that Laura kept looking up at it."
- Laura Ingalls Wilder
Human Frailty of the Godly Soul
"The life of Luther might suffice to give a thousand instances, and he was by no means of the weaker sort. His great spirit was often in the seventh heaven of exultation, and as frequently on the borders of despair. His very deathbed was not free from tempests, and he sobbed himself into his last sleep like a greatly wearied child."
"As for her, like most women, she had but one ambition. To be a good wife and a good mother, and to be beloved by her husband and children, was all she asked. [She was] a busy, affectionate, cheerful little housewife, whose voice would never be heard in the streets, but whose memory would always live in a few faithful hearts."
Many families are living on debt. They keep borrowing money and using credit cards just to survive. I know one family who repeatedly took out home equity loans for years until the bank finally took away their home. It is unwise to live on someone else's money knowing it can't be paid back. It is unwise to dig oneself into such a deep debt that they can never escape.
There comes a point when one has to walk away. . .
A business would never stay open if it continually lived in the red. The responsible thing for them to do would be to close the doors, take the losses and move on. Modern families are facing the same thing, like no time in history. Easy credit, easy loans and the brainwashing in our culture that we can pay for everything later is destroying many. It has created families who are, without realizing it, living a financial lie and they know not how to recover.
The only way to stop the deadly financial hemorrhaging is to walk away and start over. Find a cheaper home - an apartment, mobile home or live with relatives temporarily. If you are renting and have a lease, explain to your landlord that you are in dire financial straights and must move. If you own a home that is far too expensive, or that has seriously lost its value and you can't sell, tell your banker about your financial difficulties and see what they can do. If nothing is available to help, then tell them to take the house back, then walk away.
Walk away, but only if you've tried everything else. Walk away and start at the bottom and begin to recover. Begin to be able to buy food again, have heat in the house and clothes that are not tattered. Begin to breathe and start over.
This may seem radical, or even irresponsible to some, but if you are continually living on borrowed money, racking up debts higher and higher with no light at the end, it is time to walk away.
There is something called debt forgiveness, and debt counseling to prevent this from happening again. Please don't continue to live on the edge of the cliff. There is help. And there is a light at the end of the tunnel.
Walk away and start again. Everyone deserves a second chance.
This post was written as a response to an anonymous comment on my Living Without Credit Cards post.There are many readers in her situation. I hope this helps them.Please realize, I am not suggesting everyone walk away from their financial obligations, but those in dire straights have that option. I do not want them to feel so trapped and hopeless that it is difficult to go on.
I am the mother of five home-schooled children, ages 15 and up, and a Grandmother of 2. I have been married for almost a quarter of a century.
I am a writer, reviewer, who loves fashion, sewing,
reading, fitness and cleaning.
We live in an 1800's house in rural Vermont.