Memo 2: Ugh, you must open your bills and statements.

Financial coaching involves helping people reach goals including such areas as reducing debt, buying a new car/home or paying for children’s education. One of the first and most difficult steps is to open the bills and statements. Avoiding review of bills/statements and discussing your financial situation with your partner/spouse can be difficult, even painful, however, it must be done.   This is true for all of us, even those who don’t struggle to pay bills. We  avoid opening statements as none of us like to see our financial condition changing due to poor market performance or worse over spending, interest and late fees. In moving towards financial wellbeing, one must have starting point and knowing and accepting where you are is the beginning of improving the situation. Start today, open, review and make one payment, and mail it too.