The major obstacle that people have when it comes to money issues is that they don’t believe that they have a problem. Denial is the most common reaction of many people when confronted with their relationship with money. It’s easy to say that you’re doing fine when in fact you’re already on the verge of a financial meltdown. Thus, you need to know if you’re in denial so you can snap out of it and tackle your problems head on. So, how can you tell if you’re in denial? Here are some signs:
You know you’re in denial if:
- You believe that you’re doing all right even if you know that your credit card debts are mounting and you have nothing saved up for yourself or for the kids.
- You can still pay the monthly minimums on your credit card debts but are racking up 20 percent or more in interest in the process.
- You find yourself applying for new lines of credit because you have maxed out the credit limit on your existing cards.
- You charge even your groceries to plastic because you have no cash left before payday comes.
- You have nothing in your savings account to cover for sudden expenses like the repair of a leaking roof or your broken car.
- You have no savings for living expenses in case you lose your main source of income or your combined income as a couple get drastically reduced.
- You have a hard time keeping up with your bills.
- You constantly fight with your spouse about money matters. Even initially innocent chats about the prices of goods and services turn into one big row about money.
- You are a regular payday loan customer.
- You constantly worry at your lack of financial stability.
If you are in this boat, now is the time to really take a long hard look at yourself in the mirror and ask: Do I really want to live like this? For sure, you don’t. No one does. If you love your family, if you love your kids, and if you love yourself, you want to stop being in denial and start straightening your relationship with money.
Other related info you might be interested in:
No comments:
Post a Comment