Debt is one of those topics most people avoid talking about—it’s personal, stressful, and, let’s face it, a bit embarrassing.
But the truth is, so many people are in the same boat, even if they pretend otherwise. Debt doesn’t define someone, but it often comes with a few secrets people keep under wraps. Here are 14 things people in debt might not want to admit, but could help you understand the reality of their situation.
1. They’re juggling way more than you think.
People in debt often have to keep track of multiple payments, due dates, and interest rates—it’s practically a full-time job. On top of that, they’re constantly trying to figure out how to make everything work without dropping the ball. If they seem distracted, it’s because their mental to-do list is never-ending.
2. Minimum payments are their lifeline—and their trap.
Sticking to minimum payments might feel like staying afloat, but it barely makes a dent in the debt itself. Most of it goes toward interest, so the balance stays stubbornly high. They know it’s not ideal, but sometimes it’s all they can manage at the moment.
3. They feel judged—constantly.
There’s a lot of shame tied to debt, whether it’s student loans, credit cards, or medical bills. People in debt often worry about how other people see them, even if no one has said anything. It’s why they might dodge conversations about money altogether.
4. Budgeting feels like walking a tightrope.
Every penny has a purpose, and unexpected expenses can throw everything off balance. They may have a carefully planned budget, but one surprise car repair or medical bill can send the whole thing spiralling. They’re pros at making it work, but it’s exhausting.
5. They’ve tried “quick fixes” and regretted it.
From payday loans to balance transfers, people in debt often experiment with ways to lighten the load quickly. Unfortunately, these shortcuts sometimes come with more strings attached. They’ve learned the hard way that not all financial “solutions” are helpful.
6. They’re not spending as much as you think.
Source: Unsplash It’s easy to assume someone in debt is overspending, but that’s not always the case. Many are living frugally, cutting corners wherever possible, and still struggling to get ahead. Debt often builds up over time, not from a single shopping spree.
7. They celebrate the smallest victories.
Paying off a small credit card balance or finally lowering an interest rate might not seem like a big deal to other people, but to them, it’s huge. These milestones remind them that progress is possible, even if it’s slow. They take joy in the wins, no matter how minor.
8. They wish people understood how hard it is to save.
Building a savings account while paying off debt feels nearly impossible. Every extra dollar often goes toward payments, leaving little room for emergencies or future plans. Saving might be the goal, but it’s often a luxury they just can’t afford right now.
9. They’ve learned to be creative with money.
People in debt often find innovative ways to stretch their budgets. From meal prepping to DIY solutions, they’ve mastered the art of making a little go a long way. Necessity really is the mother of invention, and they’ve got the hacks to prove it.
10. They know all about interest rates—too well.
If there’s one thing they’ve become experts on, it’s how interest adds up over time. Watching balances grow despite payments is frustrating, but it’s taught them how to prioritise which debts to tackle first. They’ve probably done the maths more times than they’d like to admit.
11. They hate asking for help.
Pride often gets in the way of reaching out, even when they could really use support. Whether it’s financial advice or just someone to listen, asking for help can feel like admitting failure. It’s why many people in debt struggle in silence instead.
12. Debt doesn’t always mean bad choices.
Sure, sometimes debt comes from overspending, but it can also result from medical emergencies, job loss, or simply trying to make ends meet. Life happens, and debt can follow even the most careful planners. Judging someone without knowing the context misses the bigger picture.
13. They dream about a debt-free life daily.
The idea of not owing anyone money feels like freedom, and it’s something they think about constantly. Whether it’s travelling, saving for a home, or just living without stress, the dream of being debt-free is a major motivator. It keeps them going, even on tough days.
14. They know things will get better—but it takes time.
Source: Unsplash Even with all the challenges, most people in debt hold onto hope. They know paying it off won’t happen overnight, but every payment brings them closer. Patience, persistence, and a little faith keep them moving forward, one step at a time.
