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The same phenomenon can happen with your finances.
And then you open your account statement, just like you open your door, and you sigh.
You figure, its just one purchase whats the harm?
Its time to put yourself on ashopping and spending moratoriumfor anything that you absolutely dont need to survive.
Yes, go grocery shopping.
No, dont get another pair of sneakers you likely wont wear for months.
Neglecting Your Debt
Look, nobody wants to think about their debt.
Take a deep breath.
Look at everything you owe, fromcredit card debtto student loans and any personal loans.
Determine your monthly obligations, interest rates, and payment due dates.
Write it all down, either with old-fashioned pen and paper or in a spreadsheet on your setup.
From there, figure out how you want to approach that debt.
Working with a financial advisor or other expert can help.
But you cant choose a strategy until youre actually willing to confront your debt.
Forgetting Your Emergency Fund
If theres one constant in life and money alike, its to expect the unexpected.
That cough wont go away.
Your beloved pet got into some food that they decidedly shouldnt have.
Theyre okay, but the vet bill costs several hundred dollars.
Or worse, youre putting it on a credit card or taking out a loan.
All of this leads to financial chaos and clutter.
Building up adedicated emergency fundthat you contribute to regularly is vital to streamlining your finances.
You dont have to live with financial clutter.
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