Do you want to get out of debt but can't find the motivation? Do you dread the mail arriving in case it brings you even more bills to pay?

Well if you need a burst of motivation to improve your financial position, I've put together five reasons to get out of debt and avoid borrowing in the future.

1) Everything that you buy becomes much more expensive

OK, Ill show you. While out shopping you just cant resist buying a new plasma television. The price was $2300, but it has been reduced to $1995. Bargain! So you sign up to an attractive looking credit agreement.

How much will is cost? This is not a trick question.

$1995? Wrong!

Whenever you borrow to buy something, the total cost to you is made up of three distinct parts.

a) The actual amount that is borrowed - $1995

b) The interest on the loan Perhaps 3 years at 29.9% APR. That would come to $915.78 (36 payments of $80.85 less $1995)

c) These payments must be made from your taxed income Let's say 30%. That would add another $1247.40

So taking all of these things into account, youll have to earn an eye watering $4158 to pay for your television.

And thats before we take into account the opportunity that youve lost to earn interest on the money that youre using to make the loan repayments. At 5% per year over 3 years this could amount to another $300 in lost interest.

Doesnt seem such a bargain any more, does it? Do you really want it that much?

2) Lack of Freedom

The world is full of credit junkies. Too many people hold a must have attitude that they simply cant afford. Unfortunately, this position translates into a must borrow state of mind. They borrow in order to feed their need for a regular consumer spending fix.

But this addiction is not without its consequences. Every time you borrow money you forfeit a piece of your life. It means that your lender owns a bit of you. They own the time that you take to earn the money to repay the debt every week or every month. Welcome to life as a human limited company.and your lender has just become a major shareholder!

Every pound of debt reduces the freedom that you have in your life. Its a simple equation.

Debt = lack of freedom to spend your time as you decide

Part of your precious, non-renewable life, now has to be devoted to acquiring enough money to repay your creditors. Your personal freedom has been curtailed. Every pound of interest paid represents a waste. Waste of your money. Waste of your effort. Waste of your time. Waste of your freedom. WASTE OF YOUR LIFE!!

3) Rows

Whats the most common reason for rows between couples? Work, children, sex, the house, trivial matters?

Wrong!

The answer is money. Debt is the biggest cause of rows and relationship problems.

4) Stress

This is the inevitable result of the last two items. You owe money that you no longer have. You have to repay it with interest. You have to work every hour available just to make ends meet. And at the back of your mind is the nagging doubt, what if I cant keep up with the repayments?

Then on top of all that worry, theres the frustration of being permanently skint, despite the fact they youve never worked harder in your life.

And all the time your better half is nagging you about never having any money and the amount of time that youve been spending at work.

5) Bankruptcy

With all debt, theres always the chance that it will spiral out of control. One debt can lead to another debt. After youve borrowed money once, it becomes incredibly easy to do it again, and again, and again!

Its the easiest thing in the world to say Oh Ill just stick it on my credit card, but its much harder to repay! Especially when youve got interest working its mischief against you!

Eventually, it can get to the stage where you cant even afford to repay the interest, let alone the original amount you borrowed.

And the end result?

Life is not be as happy and exciting as it should be! And if that's not a good enough reason to get out of debt, I don't know what is.