Financial denial tends to abdicate responsibility in any of our financial problems. We seem to be surprised when things go pear-shaped, although these things don’t really happen overnight and we’ve probably had warning signs for the last couple of months. If you can’t acknowledge your role in your financial problems, you’ll probably never get very close to fixing it.
If you are fulfilling any of the following symptoms, then you should potentially reexamine your role and decision making processes when it comes to your financial problems.
I don’t fail, therefore I succeed
You earn a good wage, and you have nice things. You’re a financial success right? Well, it all depends. Spending all your money if you have debt or no assets is probably not the wisest of financial choices. So you have nice clothes, but what happens when you lose your job and you have no savings? Don’t deny that all things can change in an instant.
Drama drama drama
Some people love it. They thrive on it, thinking that it gives them an exotic air and a bit of adrenaline to get them through the day. I used to be like that. Then I realized I wasn’t really getting much sleep and certainly didn’t have any savings. Drama always gets boring in the end.
Hiding money problems
It’s easy to try and pretend that your money issues don’t exist. If you’re feeling embarrassed about the state of your financial affairs, then let that be a guide that you’re not secure in your financial decisions.
There’s a place for us…
Somehow, someplace, somewhere. Stop saving tomorrow, and start saving today. And don’t rely on the Lottery to save your financial bacon.
People living in denial always have an excuse. You had a bad day at work, so you bought yourself a present. It was an expensive month with so many birthdays. You don’t have time to save. Excuses don’t get us anywhere. There will always be something going on in your life that makes saving difficult. If that’s the case, you may as well start saving today.
Out of control
Getting angry really quickly if someone asks you about your finances? You don’t need me to tell you that’s a classic sign of denial.
It’s because I’m… different
I’m guessing your money issues probably aren’t all that unique. Talk to a financial advisor and they’d probably tell you the same thing.
… Don’t happen. If you think an emergency won’t happen to you, think again and start saving for the day that it does. As Monty Python said, no one expects the Spanish Inquisition.
Wish it away
Downplaying the problem, or making it look smaller, isn’t going to help you fix it. It will only exacerbate the issue until it spirals out of control.
No one is normal. I hope that makes you feel better, should you be one of us who equates normality with being boring. The more I think about it, however, the more I come to realise that a life free of debt, without too much financial strain, and enough savings to achieve my goals doesn’t sound boring, it sounds awesome.