Often, I use real-life experiences to generate topics for this blog. This past week, the flu-bug hit our family. All four of us – first my husband, then me, then our boys. Thankfully, once my husband was diagnosed the rest of us got a prescription for Tami-Flu and while, I’m not exactly sure it helped, at least we are all feeling better and no one pneumonia or bronchitis or some other flu-related illness.
If you follow me on Social Media, you saw that the original title for this post was going to be “How Getting Out of Debt is like Getting the Flu”. Well, I had some thoughts about that but over the last few days, those ideas morphed into this:
Symptoms of Poor Financial Health
1. Reactive instead of Proactive
Is everything involving money some sort of crisis for you? That’s probably because you are reacting instead of being proactive. You probably do not have a forward thinking plan, you just react every time you have money.
2. Unintentional Spending
Do you find yourself going into a store for “just a few things” and walking out wondering what the heck just happened to all your money?
3. Unintentional Saving
Maybe you have a savings account but is it specifically labeled?
Or, maybe you only save when you know there is an impending major expense forthcoming?
4. Debt
Debt is a four letter word. If you have any kind of debt – mortgage, car payment, credit card, student loan, etc. and you do not have a plan to get rid of it as fast and efficiently as you can, it will never go away.
5. Lack of Income
If you “never have enough money” or you “run out of money before you run out of month” then you need more income. This can be accomplished in a variety of ways. You can either decrease spending and give yourself a raise OR go get a 2nd job or a different job.
Do any of these symptoms sound familiar to you? They were for us. Yes, every single one was a pretty accurate description of our financial state before we decided to get serious about having better financial health and get our of debt.
Do you need help addressing these symptoms and finding a solution?
That’s what I help people do as a financial coach. How may I help you?
Melissa
Leave a Reply