Face the Music
The first step to managing financial stress is having the courage to actually do something about the situation. Many are scared to look at their bank account balance, but we need to make an honest evaluation of the situation by doing the following:
- Make a list of your liabilities that's burdening you (car loans, investment loans, etc.,)
- Organize your financial accounts. If you don't have an online account for each of your banks, investments, or credit cards, make one for easier tracking
- Make time to assess your accounts and establish what needs to happen moving forward
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