6 Reasons Why It’s So Hard To Get Out of Debt
6 Reasons Why It’s So Hard To Get Out of Debt
Cynthia Measom June 30, 2021
Getting out of debt isn't easy. It requires a lifestyle shift. Sometimes, you have to make a small change in the way you handle your finances -- and sometimes a big one.
If your New Year's resolution for 2021 was focused on getting out of debt, you may not have made much headway. This past year has been financially devastating for many families; and despite some assistance from the federal government, the Democrat-Republican congressional divide has slowed up stimulus for individuals and businesses alike.
To get some additional insight on why you haven't gotten out of debt by now, take a look at these reasons why it's so difficult. Plus, learn what you can do to start conquering your debt once and for all.
1. You Don't Have a Budget
Not having a budget is a sure way to keep yourself in debt. It's important to assign each dollar you earn to a specific category, including debt, and then account for every dollar you spend.
Many different budget plans exist, including the 50/30/20 rule. When using this budget, you put 50% of your income toward your necessities, such as rent, car payments, insurance, utilities and food. Next, 30% goes toward things you want, such as eating out, streaming services and new shoes. The remaining 20% goes into savings and paying off debt.
If you're determined to pay off your debt as soon as possible, you may want to play with the percentages a bit. For instance, consider putting 30% or 40% toward your savings and debt and leaving only 10% for things you want but don't need.
2. You Only Make Minimum Payments
While creditors only require that cardholders make the minimum payment each month by the due date, doing so can keep you in debt for years.
By only paying the minimum each month, you could draw your payments out over a decade and end up paying more in interest charges than what you originally charged.
To continue reading, please go to the original article here:
https://finance.yahoo.com/news/6-reasons-why-hard-debt-220050527.html
Majeed KSA: September 1st is the RV Date (?)
8-26-2026
The reason I made this claim is because for the past 5 days the news from Iraq kept going back-and-forth about deleting the zeros and not deleting the zeros, and if it will increase the purchasing power or not increase the purchasing power.
Acting like if they still thinking about it before taking any step.
And then all of a sudden, when the pressure they received from Trump was exposed on the media… in less than 24 hours, they said “now we are advancing in deleting three zeros.”
Coffee with MarkZ, joined by Andy Schectman and Zester. 08/26/2026
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
MZ: After years of stalling, things are moving. World order changing, WTO, Oil prices, and Columbia gets tough.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR Update as of Wed. 26 Aug. 2026
Compiled Wed. 26 Aug. 2026 12:01 am EST by Judy Byington
Judy Note:“A Midnight Window was opening, with all systems Green.” …Tier4b ISO20022 on Telegram Tues. 25 Aug. 2026
Good Morning Dinar Recaps,
Oil Falls, but the Global Financial System Is Still on Alert: Iran, Inflation and Central Banks Reprice Risk
Oil prices are falling on renewed hopes for a reopening of the Strait of Hormuz—but the underlying financial risks created by the U.S.-Iran conflict have not disappeared. Energy prices, inflation expectations, Treasury yields and central-bank policy remain tightly connected.
Between Advantages And Repercussions... An Expert Reveals To "Baghdad Today" The Details Of Removing Zeros From The Dinar
Baghdad Today – Baghdad Professor of International Economics, Nawar Al-Saadi, revealed today (Tuesday, August 25 , 2026) the importance and repercussions of "removing zeros" from the Iraqi currency.
Al-Saadi told Baghdad Today that “the principle of removing zeros, if implemented in a scientific and well-thought-out manner, can contribute to simplifying monetary and accounting transactions, facilitating payment processes and digital transformation, and reducing the volume of banknotes in circulation, in addition to the possibility of using the process as part of a broader reform to bring cash funds outside the banking system back into the official financial cycle.”
TNT:
Tishwash: The Central Bank of Iraq reveals the amount of local currency in circulation.
Data from the Central Bank of Iraq’s economic indicators revealed on Tuesday that the total currency issued by the bank in the markets rose to 111.189 trillion dinars by the end of June 2026, compared to 99.799 trillion dinars at the end of 2025, an increase of about 11.4 trillion dinars.
According to data seen by Shafaq News Agency, net currency outside banks reached 101.966 trillion dinars at the end of last June, compared to 92.560 trillion dinars at the end of 2025, an increase of about 9.4 trillion dinars.
KTFA
Tuesday Night Video
FRANK26….8-25-26….OUR GUEST IS WALKINGSTICK
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
Exclusive To Kurdistan 24: US Pressure On Baghdad To Expedite The Removal Of Zeros From The Dinar To Curb Money Laundering
Erbil (Kurdistan24) - Informed sources told Kurdistan24 today that the United States is exerting increasing pressure on the Iraqi government to expedite the implementation of the "removal of zeros from the Iraqi dinar" project, with the aim of crippling the movement of funds smuggled abroad and recovering cash liquidity hoarded through illegal means.
Congress Built This Mess. They’ve Made Sure They Don’t Live In It.
Notes From the Field By James Hickman (Simon Black / Sovereign Man)August 25, 2026
King Hammurabi of Babylon had a simple rule for home builders: if the house you built collapsed and killed its owner, you were put to death.
That was law #229, carved in stone almost 4,000 years ago. And some version of this rule has existed for most of human history. Even to this day, it’s a tradition among architects to spend the night under a bridge they designed to prove that it’s safe.
MASSIVE NEWS DAY For Dinar Investors!
The Dinar Den: 8-24-2026
At the heart of the latest discussion is Iraq’s steady march toward complete economic and political sovereignty. The hosts of The Dinar Den point out that recent geopolitical shifts—most notably a apparent decline in external regional influences, such as Iran’s historically strong leverage over Iraqi fiscal policy—are paving the way for Iraq to reclaim full autonomy over its monetary decisions.
This transition is further emphasized by the highly anticipated drawdown of the U.S. military presence, with sources pointing toward key milestones around September 30th.
Rob Cunningham: The New Global Monetary System
8-25-2026
I would size the mature “all-in” global dollar liquidity layer at roughly $250–$500 trillion, with about $350 trillion as a defensible central scenario – and a plausible extreme-state requirement approaching $750 trillion+ if tokenization, collateral mobility, machine commerce and reserve demand expand as aggressively my thesis assumes.
On August 24, the White House formally announced Operation Economic Outcast, explicitly framing Iran’s choice as either “complete global isolation” or a path to rejoin the global economy.
Iraq Considers Currency Change and Dinar Redenomination as Parliament Seeks to Delay Draft Law
25-08-2026 Peregraf — Iraq is considering a major currency reform that would involve replacing existing banknotes and potentially removing zeros from the Iraqi dinar, but the Parliamentary Finance Committee has asked the government to postpone legislation on the proposal until its economic, legal and financial implications are studied in greater detail.
Good Afternoon Dinar Recaps,
BRICS Builds the Plumbing for a More Multipolar Financial System
The most consequential part of the BRICS financial story may not be a new currency. It may be the payment infrastructure being built underneath global trade.
Reset Day Is Coming — Here’s What Happens to Your Money, Debt & Home (How to Prep)
Daneila Cambone and Taylor Kenny: 8-24-2026
In today’s interview, Daniela Cambone speaks with ITM Trading’s Taylor Kenney about what “Reset Day” could mean for your savings, debt, and home and how to prepare before the rules change.
History often provides clear indicators when monetary systems come under structural strain. During the conversation, Taylor Kenney highlights firsthand accounts and real-world examples of past currency crises, such as the economic devaluations experienced in Mexico.
Majeed KSA: The Plan is the RV for August 31st
8-25-2026
This is just my guess.
RV might happen on August 31.
It would be the 107th day for the new Prime Minister in office.
Reset Intelligence: Will the Dinar Strengthen or Collapse?
8-25-2026
Will the Dinar Strengthen or Collapse?
By Reset Intelligence | @EXIT_FIAT
Over one weekend, Iraq moved the currency question out of the committee rooms and onto the evening news.
Iraq Finance Committee Recommends Postponing Dinar Redenomination Vote
Daban Mohammed At a Glance
The Iraqi Finance Committee officially advises delaying the vote on removing zeros from the dinar.
Replacing banknotes without deleting zeros remains under the independent authority of the Central Bank.
Redenomination requires brand-new laws to amend civil, commercial, and penal codes across Iraq.
Good Morning Dinar Recaps,
When the Treasury Is No Longer Just a Safe Haven: The Bond Market Reprices U.S. Debt Risk
The U.S. Treasury market remains the world’s most important safe-haven market—but rising long-term yields, record federal debt and growing reliance on Treasury intervention are forcing investors to reconsider how they price U.S. fiscal risk.
TNT:
Tishwash: The parliamentary legal committee submits 40 draft laws to the parliament's presidency.
The parliamentary legal committee confirmed on Monday that it had submitted about 40 draft laws to the Speaker of Parliament, while clarifying the constitutional and procedural differences between draft laws and proposals.
Committee member Thaer Al-Kaabi told the official agency, as reported by 964 Network , that “the committee has completed submitting approximately 40 draft laws to the Council Presidency to proceed with their legislation,” indicating that a number of them have been read, most notably the Lawyers Law and the Notaries Public Law, as well as the reading of the Minors Care Law, which are qualitative and important legislations targeting a wide segment of the Iraqi people.”
Bruce’s Big Call Dinar Intel Tuesday Night 8-25-26
Transcribed By WiserNow Emailed To Recaps (INTEL ONLY)
Welcome everybody to the big call tonight. It's Tuesday, august 25, and you're listening to the big call. Thanks for tuning in, everybody. We're going to have a really good call tonight. I'm excited about my segment tonight, and I'm always excited to hear what Sue would bring to us and what Bob would bring to us as well.
Alright, let’s get Into our Intel portion of the call, I've got a few things I'd like to bring up, and but I'm going to try to create my little timeline that I like. See if we can make that happen. All right. First of all, I'm just going to bring up something about Iraq.