3. Face Your Financial Situation Realistically:
You might ask me how making this mistake is even possible but this is our defense mechanism. When we are obese and don’t want to put in any effort to lose weight, we start avoiding the mirror. Similarly, when we know that our money matters are in bad shape and we are not ready to make an effort to fix them, we avoid looking at the exact figures and that makes matters even worse! We should put the figures on a paper or on an excel sheet and look at them very often, very carefully. That’s the first step towards dealing with your money troubles. This also helps you be conscious of what you can and cannot avoid. Gone are the days of ‘what you don’t know can’t hurt you’. What you don’t know, can even kill you.