Confronting your current financial situation
Confronting your current financial situation. Living in the present is difficult for dreamers like me and you. We are always imagining what tomorrow will bring. Our hopes and dreams, our business plans and future travel adventures. However, when it comes to our finances it is best to live and spend in the financial present.
Living and spending future dollars we don’t have can destroy any hopes of us actually obtaining those future dollars. Below I share some more tips on confronting your current financial situation and why it’s so important.
Ignoring it will not make it better
Confronting your current financial situation takes courage. It’s much easier to ignore your current financial situation and stick your head in the sand.
Please, stop ignoring your current financial situation or financial problems. By confronting your current financial situation you will be able to improve your current financial situation. Ignoring your current financial situation won’t make it go away or improve.
The human ostrich
Many years ago I would never want to look at my checking account. I was always afraid it would be worse than what I imagined. Gone are the days I was surprised by the extra dollars in my account. Today, I know my numbers and I stick to my financial goals and financial budget. Knowing my numbers has helped me build wealth.
Confronting your current financial situation
Take stock of your current financial situation. Have a clear understanding of what you owe and create a plan to pay what you owe. If paying what you owe seems impossible, get help. At Budget Build Buy we have resources to help you lower the debt you have and build wealth at the same time.
Know your interest rate and how it’s connected to your credit score and credit history. A good credit score will lower your interest rate, saving you money. For the truly blessed the ultimate goal is zero interest (highly qualified buyers). Use the resources at Budget Build Buy to avoid ever paying high interest to financial institutions. An added benefit, you will also save money on your insurance premiums.
