Wouldn’t it be nice if we could wave a magic wand and make money troubles just disappear? Regretfully, real life doesn’t work that way. However, we do have the power to take steps to correct it—and the first step is to recognize that there is a problem. For example, if you find yourself dealing with any of the following financial issues, it’s time to get proactive:
Any one of these situations is stressful enough, but if you’re dealing with two or more of these warning signs, you may be heading into an unsustainable situation. For example, if you don’t have an emergency fund, it’ll just take a car repair or medical bill to force you into juggling bills, paying one on this payday but waiting to pay another. Collection calls follow, and so it goes. The longer you postpone facing money issues, the longer you’ll feel stressed about them. You only prolong pain by avoiding it.
Undoing Neglect
Compounding interest is a good thing when we’re talking about the interest accruing on a savings account or investment. But it’s a bad thing when we’re talking about a problem that starts small, and left unattended, turns into a huge headache. Neglect doesn’t fix money issues—action does. Here are a few remedies:
Approach your money challenges with optimism. Once you commit to setting up good financial habits, your positive steps will also compound over time.
The caring staff members at Extra Credit Union have tools to help you make the most of your money. Ask for a session with one of our knowledgeable and friendly Member Relationship Specialists today. We can help you replace anxiety about your money with the confidence that comes from establishing good financial habits.
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