I took my car in for the annual service and MOT this week. The pre-test checks confirmed some of the faults i have been suspecting needed to be fixed .. and those were in addition to the regular maintenance checks i carry out personally.
You may be wondering why am i telling you these. Right?
Did you know that one in seven drivers cannot open a car bonnet?
The same survey, by the insurer Priviledge, that revealed the above showed that 90% of drivers would fail a test involving jump-starting an engine, checking oil and changing a tyre.
In the same way, a lot of people, if they have to take a Personal Finance MOT today, would fail – and for good reason too. You fail every exam you are afraid to take.
They already have an idea that things are not well financially but are too scared to confirm it. Burying your head in the sand will not make the problem go away. If you don’t do anything, it might just get worse.
If you’re unsure of the diagnosis to give your money situation, maybe it’s time to have a financial health check. If you feel you are losing grip of the money stuff then taking a debt test as a first step will mean you’re closer to having your finances under control again.
For today, I’ll recommend that you take Money Advice Service’s free Money Health Check – you’ll find out which areas to focus on and practical ways to improve your situation.
Stay in control of your finances. Leave a comment below and come back soon.
Money Management Coach