The massive amount of unnecessary personal debt that is prevalent in the world at the moment is often as a result of psychological and emotional reasons. Here are three of the most common that we all encounter:

1 - The use of media to brainwash people through slick advertising and marketing. The obvious fact is that advertising and marketing companies have long been paid good money because they are good at what they do. What they do is persuade you to spend money on things that you don't need, or on more expensive versions of things that you might need! If you can make your mind constantly aware and conscious of this fact, you will be less likely to succumb to it and less likely to spend money that you might not have on things that you probably don't need. Think about fifty years ago when internet, radio and television advertising were miniscule in comparison to today. Guess what, personal debt was also comparatively miniscule. Were people less happy and unfulfilled? Make your own judgement, but the chances are that what people didn't know and have didn't hurt them. They probably focussed on the simpler things in life. The message is that if you reduce your exposure to advertising and marketing, you reduce your susceptibility to personal debt.

2 - Social and work circles affect people of all ages. People just love to talk about the material possessions that they have and the things that they've done. Whether they realise it or not, it is both to make themselves to feel more important and secure, and to make you feel the opposite. In these days of open-office plans, it can be really difficult to escape the constant mental pressure that this can bestow on you. It is so easy to relent and go out and buy something that you can't afford, just so that you feel less insecure and belittled. Unfortunately, many people really do not have the money to keep doing this and thus find themselves in personal debt. If you are strong enough to follow your own path and keep a clear mind, you can avoid or clear existing debt.

3 - Self-compensation. How many people buy things because they "work hard and deserve it"? People spend so much time working these days, often in a job that they don't like, or in a race to fulfill the career aspirations that society thrusts upon us. The result is that we try to compensate ourselves by buying 'stuff'. But we don't only want 'stuff', we want 'nice stuff'. Whilst this may be okay as an occasional treat, or when times are good; it becomes a difficult habit to break, especially with constant social and media pressure (see above). The inevitable conclusion is unnecessary debt. The solution? Slow down and work less intensely so that you don't feel the need to compensate yourself. Better still, compensate yourself with cheap or free options such as going for a run or listening to music online. There are a multitude of activities that you can do or learn that can bring immense satisfaction and fulfillment!

In conclusion, advertising, marketing, peer-pressure and self-compensation are massive contermporary psychological pressures on us to spend money on what we don't need or even necessarily want. These pressures are the casue of so much personal debt in the world. If you can clear your mind from these pressures, the chances are that you will clear debt and better still, never be in a position to need help with debt again!