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How does it feel being tied down to your house mortgage and other debts?

When the Government hikes interest rates leading to more EMI's on your mortgage, it adds even more misery to your bleak existence. No more degrees of freedom and a hopeless vicious cycle is what you inherit. I'm earning a hell lot of money in my present line of work but all of it seems to go down this bottomless bit called debt. I'm young -just turned 26 and feel frustrated with this choking condition. I never asked to be in this situation but now there's no way to get around it.

Asked By: First Decision = Last Decision - 7/30/2008
Best Answer - Chosen by Asker
I know the feeling.. and you feel even worse if you only have a contract job.. and that contract job ends .. then you really get stressed and get sleepless nights.. you are still young.. I know it's hard.. but believe me.. once you are 45 and you have to face this situation it looks a lot bleaker still .. one seems to... More
Answered By: Vera Gabriele - 7/30/2008
Additional Answers (3)
it is just like having 3 mothers-in-law living with you!
Answered By: Philip - 7/30/2008
 
If you don't like your existence, change it. Quit blaming your life on everything else.
Answered By: src50 - 7/30/2008
 
The best way to fix this debt problem is to first figure out what is left in your Mortgage Amortization cycle by using a mortgage amortization chart. This is the amortization chart website I use... More
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Answered By: David M - 7/30/2008
 
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