Financial Well Being Tip #1
Posted on 13 August 2009
When you are anxious about your financial situation, identify specifically what it is you are anxious about. Then sit down and take an inventory of what you have, what you owe, what’s coming in and what’s going out.
Example:
If you are anxious about being able to pay your bills, after you take an inventory you’ll know if you are or if you are not going to be able to pay them. If you are not able to pay them, think of your immediate options, what steps can you take to mitigate the impact now and what steps you can take to prevent the situation from recurring over time.
Finding Yourself Stuck?
If you find yourself stuck in seeing only one scenario, ask other people about what they think could be done. They will give you scenarios (options) to consider that you have not thought about. Freely consider the scenarios they mention.
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