Likely conversations about your money
1. No matter how much I earn, there seems to be a shortage very often.
2. I wonder how my money vanishes, regularly, month after month!
3. Every time I look at my bank statements, I am amazed at the number of withdrawals at the ATM, yet I am clueless on where I spent all that cash!
4. My father was the only earning member then and yet we never felt the insecurity that I am facing now despite the fact that both me and my wife are earning well to support our very small family!
5. I am really at a loss to explain the various entries that appear on my credit card statements. Sometimes I do not even know if I made those expenses at all!
6. There have been many occasions when we missed the payments like electricity bill, phone bill, insurance, school fees and went through fines, penalties and lot of frustration & agony.
7. I recently went through the embarrassing situation of having my cheque returned for want of funds and it cost me heavily in terms of my credibility. I had inadvertently withdrawn some cash from the bank account forgetting that I had issued a Post Dated Cheque (PDC) from the same account.
8. I took some major financial decisions like a car, home etc without fully considering the amount I have available as savings and now I am struggling to meet the payments.
9. I do not have a system to maintain my financial records and every time I need some information of my past transaction, I waste a lot of productive time searching for it.
10. I have absolutely no idea of where I am spending my money as well as where my money is coming from.
11. I have a very elaborate system of maintaining my financial transactions but it is so complex that no one else can use it.
12. I have tried keeping a semblance of records using a spreadsheet but as my needs grow bigger, it becomes too cumbersome.
13. The moment I issue PDCs or give a bank mandate, I feel a loss of control and am worried about maintaining adequate balances.
14. I tour very frequently and most of the transactions are handled by my wife, who finds the tasks daunting.
15. Although we do specify budgets for some key expenses, we do not really check if we are within the budgets that we ourselves specified.
16. We are often taken by surprise when faced with expenses although they were quite predictable.
17. A lot of our money is stuck with friends and relatives in the form of loans.
18. We have become blissfully unaware of our own long term investments that have already matured and idling elsewhere for someone else’s benefit.
19. Once in a while I write down my expenses but it is too difficult to make any sense out of it at a later date.
20. When faced with the onerous task of cutting expenses, the chop often falls on the most visible rather than the ones that really matter.
21. I am really worried about some of my sources of income (although they might not matter)which take my time off from the critical areas of my life.
There might be more such or similar concerns but this is a good list to start with when looking at money and money-related concerns in your own life.
If you recognize some of the above statements from your own life and also want to do something about that, you have come to the right place!
And if you never had any of the above conversations and also confident that you will not have these concerns in the future, you may not find our offerings useful but we still congratulate you and wish you all success in life!
However, we request you to pass our message to those whom you know are going through testing financial times in their lives and you would be doing them a yeoman service! We thank you in anticipation of the tremendous service you are going to perform to your fellow human beings.
