April 29, 2020

M  I’m Miriam  Neff–with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan  and we’re here to talk about money.

 

V  When we face a financial mess or crises, a natural reaction is to want to fix the problem immediately. We may be even tempted to take out a loan or new credit card to absorb old debt, or a home equity line or refinance a mortgage to absorb that debt.

This doesn’t  change the PATTERN OF BEHAVIOR that created the crisis.

 

M A medical matter or beyond our control event, may still require a change of behavior, but consolidating your debt and not changing your behavior when there is a pattern of overspending just leads to more debt.

 

Val  It’s best to address the root cause.  You might not like what you see, but that’s where a real solution begins.

PODCAST