Some people handle their financial problems by choosing to live in denial, a lot of people would rather not even think about how difficult their finances have become especially if there is a past glory to boast about.
Financial denial can set in at any point in life regardless of one's age especially when money problems set in, denial could result in avoiding budgets, neglecting the calls to pay off debts, and in total making very unwise financial decisions.
Ignoring money issues will bring about more money problems, which translates to having more debts, lesser savings, and some serious financial dilemmas too. Some people get into denial because they are hopeless, possibly about the chances of getting the debt paid or not. When this happens, there are chances that financial denial will become stronger, leading to even further problems.
Avoiding the conversation about your finances on its own could be a red flag. To solve money issues, you need to be interested in understanding what is going on with your finances and looking for a way to get out of the mess you have either created for yourself or circumstances have created for you.
How can you now solve this problem since it appears to be a very big issue;
The first thing to concentrate on is to begin to talk about your money, talk to it with someone you can convenintly talk about, sometimes it may be uncomfortable to talk about your money but there has to be someone you trust, it may be either your spouse, a trusted family, or close friend.
After opening up, you may desire a drastic change to make things work which is not a bad idea, but you will need to relax as this is not always the case. This is a good thing that takes time, take baby steps to get things done.
When you neglect/ignore your finances, you have no time to plan for retirement which is a costly mistake. With the increasing life expectancy and increasing cost of healthcare facilities, planning for retirement early is very important.
Investment is evidence of the healing process, by the time you can talk about your finances is when you will begin to gradually pay off your debt, and making investments is even taking a good step further to heal from ignoring your finances.
Learn to embrace the reality of your finances today, and begin to make a conscious effort how to make changes if it is a negative one, it is most likely at a negative place is the reason why you are denying it in the first place.
Posted Using InLeo Alpha