How to Know When You Are In Denial About Your Financial Situation.

Many of us can go to great lengths to avoid facing a difficult financial situation. However, denial will only negatively impact the situation. Know the signs of financial denial.

Instructions

Difficulty: Moderate

Things You’ll Need:

• Huge debt.
• Little cash flow.
• To get through denial you will need determination.

1. Not opening mail to avoid seeing a collection letter? This can be dangerous however many people find it stressful to open mail if they do not have the finances to pay bills they may open.
2. Afraid to answer your phone? Can you not handle explaining your situation again to a bill collector to only have them yell at you. This is a bad situation. Tell the bill collector only what you have to and get off the phone. You do not have to give them any personal info, they should have all the info they need.
3. Only paying minimal balances on credit cards? This is almost a definite sign that a financial problem is occurring or about ready to occur. Credit cards are expensive and the interest piles up fast. Many individuals will get to their spending limits without even knowing do to interest on their credit cards.

Tips & Warnings

• If you find yourself in this form of denial, get help as soon as possible.
• The sooner you can get you finances under control the easier it will be.