ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel
  • »
  • Books, Literature, and Writing»
  • Poems & Poetry

A Haiku - Debt

Updated on February 19, 2015


Debt is staggering.

One cure exists: the budget.

Assets may be used.

Burdened by debts?

American debt is staggering, and I'm not referring to the National Debt of nearly $18,000,000,000,000. I'm referring to personal debt (although admittedly each American is also ultimately responsible for their share of the National Debt!)

The chances are that someone in your immediate family is already staggered by personal debt.

The chances are that personal debt is not limited to just the car loan and the mortgage, but includes other secured and unsecured loans, especially the ubiquitous credit card debts that are so easy to take on and so hard to shake off.

Credit card debt comes with interest, sometimes exorbitant interest, and then there are the accumulating interests being paid on any penalties for overdrafts, late, and missed payments.

In the real "good old days" there was an understanding that charging too much interest was called "usury." Criminal gangs have been noted for "loan sharking" (charging such high interest that they were effectively making slaves, even co-conspirators of their unfortunate victims.)

These are the "not so good new days" when usury is legal, and compounding interest (if you are paying rather than receiving) just pounds, and pounds, and pounds.

Only slightly less challenging is the fact that even, if you have a real "nest egg," banks, despite the almost 0% interest rates they are charged to borrow, are paying scant interest on savings and certificates of deposit. In fact, the interest on savings is so low that inflation means that in real terms you are losing the purchasing power of what you have saved!

There are several solutions for debt, and the best one is creating a budget, and then sticking to it. The sticking to it can be even harder than creating one.

The winning budget starts with listing reliable income, then lists regular bills and minimum expenses, and takes from any surplus (and let's hope there is some, otherwise more income, reduced expenses, and/or both become a must) an amount to be put into "debt retirement," "future retirement," and the "inevitable emergency fund."

Once that has been done wisely and realistically, whatever is left could go into a "wish list account."

Budgeting so that everyone involved knows where the income comes from and has to go, can set the priorities in stone.

If you can't bring yourself to take a realistic look at your finances, it is time to spend a little up front to get professional advice from a CPA or a certified financial planner, or both.

Debt is an avoidable stress, and modern life in these "not so good new days" has enough stress, without the added stress of endless debt.

Put up the STOP sign by doing a budget, so at least you can know where the "money leaks" are, then do whatever it takes to plug the leaks before the very undesirable reality of bankruptcy becomes the only (and it is undesirable) solution.

Failing to plan, is (by default) planning to fail.

When you are behind, it's time to plan ahead.
When you are behind, it's time to plan ahead. | Source


© 2014-2015 Demas W. Jasper. All rights reserved.


    0 of 8192 characters used
    Post Comment

    • Perspycacious profile image

      Demas W Jasper 3 years ago from Today's America and The World Beyond

      Keisha Hunter - An old saying which seems worth recalling says that "God helps those who help themselves." The more the merrier! Paradise will look even better when you are free of debt. Keep at it, out of the whittling away will come a fine remembrance.

    • Keisha Hunter profile image

      Keisha Hunter 3 years ago from Kingston, Jamaica

      Thank you for sharing. I am on my way to making a recovery from indebtedness.

    • Perspycacious profile image

      Demas W Jasper 3 years ago from Today's America and The World Beyond

      Note: A prepaid card is better than a debit card because thieves who get your debit card details (or the card itself) can clean out the account you are debiting with a debit card. Put enough into a prepaid card to handle the incidental expenses of small purchases (milk and eggs, gas, tire repair, etc..) and avoid the temptation and the risk of your credit card's readily available "loans."

    • Perspycacious profile image

      Demas W Jasper 4 years ago from Today's America and The World Beyond

      Gypsy Rose Lee - Safety is best found when one practices being safe. You're on the right track, for sure. Have a great week.

    • Gypsy Rose Lee profile image

      Gypsy Rose Lee 4 years ago from Riga, Latvia

      Thought provoking indeed. I am glad that I pulled myself out of the credit card debt when I left the states. People are falling in the same trap here in Latvia and the worst is they don't understand the credit system very well. I have kept away from that and use a debit card to get money from an ATM when I need it or pay for things at the store only using the money I have in my account.

    • Perspycacious profile image

      Demas W Jasper 4 years ago from Today's America and The World Beyond

      AudreyHowitt - For debts, even when they are so overwhelming that they need the suggested professional help, require a first step of a budget. If you don't know what the size of the problem is, you may make a mountain out of a mole hill, or give up without taking even the first step. So many pay their credit cards before they pay themselves. If you can't afford to set anything aside, you need to know why and get help.

    • AudreyHowitt profile image

      Audrey Howitt 4 years ago from California

      Debt is a terrible thing. You are so right and budgets, though often painful really do help!

    • Perspycacious profile image

      Demas W Jasper 4 years ago from Today's America and The World Beyond

      MsDora - HubPages search engine will lead you to other fine effrorts in this regard, including the 3 or 4 shown here as links, plus one I wrote on what I did with personal debt and interest which has interest in its title. Thanks for following and for the use you can make of this Hub

    • MsDora profile image

      Dora Weithers 4 years ago from The Caribbean

      Great and useful thoughts; just wish it was more detailed. Thank you.


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: ""

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)