Have you ever been so reckless with you finances that you were too scared to even look at your bank account?
Maybe you had a wild weekend with friends. Or you did some serious, unplanned damage at the mall last week. Then there’s that one bill you meant to pay off weeks ago but you haven’t gotten around to it.
You know you’ve screwed up and you want to fix your situation but you don’t know how.
Girl. I. Have. Been. There!
And since I’ve been there, I can’t let you continue to swipe your debit card knowing you haven’t looked at your account in three weeks. Yeah…I can’t let you go out like that.
Come on, let’s get your financial stuff together. I’ll even help you –right now! Here’s a 5 step plan I’ve put together to help you face your financial fears (because you can’t ignore your bank account forever…):
#1 – Look at Your Accounts
YES! You have to look at your checking account! Come on, what did you think I was going to say? You came here to learn how to get over your fear of your finances, right? Okay then, you gotta do this.
No more ignoring, because ignoring your account for weeks is a ridiculous thing to anyway.
And I’m *literally* laughing as I say that because I DID IT! I was the girl who ignored her checking account.
After buying a pair of $89 BCBG shoes I couldn’t afford for homecoming week in college.
And you know what? I was also the girl crying on the phone in with her Dad in the middle of the Bank of America lobby (true story), begging him to wire me some money because I had overdrawn my account by FIVE HUNDRED ($500!!!) dollars.
So yeah. I’ve been there.
That’s what ignoring your account will get you. Now be a big girl, open up another tab in your browser and log into your bank & credit card accounts. Yup, pull those bad boys up. Don’t worry, I’ll wait. (*said in my Kat Williams voice*…)
#2 – Find Out How Much You Spend
If you’re anything like I was, looking at your accounts probably just made you a little sick. That’s okay. I’m done with my “tough love” stance for now because you did it. You looked at your accounts! And I really want to encourage you.
Before we go any further, really take in your account — all the charges, all the purchases you are kicking yourself for making, all those late & overdraft fees — and forgive yourself. Do take note of your mistakes so you don’t repeat them, but no need to beat yourself up. What’s done is done and now we’re moving forward.
Okay, so now that you’ve looked at your account, you need to figure out how much you spend. Not what you think you spend, but what you actually spend. You can do this in one of two ways: [Read more...]