It has been a long time since I wrote a post and I apologize for that. So much has been happening around the launch of our new course that I just couldn’t get my head around it. But now I am back and I want to share some thoughts with you about overdraft and debt.
They both are so sneaky! They seem as though they are your best friends, but really they are your worst enemy – almost like a drug – you become addicted – you just can’t get away from them, as much as you want to. The temptation is too strong, the feeling is too good!
We all want to buy new and pretty things. We all want the little (and big) pleasures in life and the easiest and fastest way to get them is by taking money from the bank – and the bank gives it to us so generously. “It is only temporary. “Soon I will be making or coming into more money and I will return ALL the money to the bank”. “I am already in debt so what’s a little more” we say to ourselves. The cycle is endless and the debt only gets bigger.
The pressure grows. We don’t make more money, or we do, but our expenses increase as well. We don’t come into the windfall that we expected, or we do, but it is not the amount that we expected or Big Brother has eaten up half.
The stress begins to get to us. Headaches, indigestion, blood pressure raises, can’t sleep well at night. More and more fights about money and priorities with you partner, you kids, your parents. There’s additional stress at work – now you’re stuck – like it or not, your continued salary is your goal and job satisfaction goes out the window.
As I go on, the situation sounds more and more like that of an addict. Scary! How did we get to this horrible place? How do we get out of it?!
The answer is as simple as it is hard – go cold turkey! Just like with drugs. You stop. No. It is not easy. Withdrawal is not easy, but it is the only way.
Stop spending more than you earn! Learn the proven rules of good money management, join a support group (Over Spenders Anonymous - :-)) and get a financial education!
Healthy Finances is your “Over Spenders Anonymous” you just need to be ready to make the change.
Withdrawal is not easy, but with the right tools and support, it can be done.
Mindy
