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Little White Elephants in the Room Inconvenient Budgets Which Lead To Financial Debt

See List Below:  All of these “life’s occurrences” listed below can potentially have a huge impact on our finances because these situations in our daily lives tend to get ignored and pushed aside. These are the little white elephants that are ignored mainly because they are uncomfortable and inconvenient conversations, that for most of us, we simply do not want to talk about these topics. We put off these conversations and these little white elephants quietly lay in the corner of the room, waiting for their future attacks.  These are the little “Financial Sleeper Agents” silently waiting for that right moment to spring their attack…waiting to grow into big elephants of financial pain…and…bam! We are suddenly surprised and cannot believe this has happened to us. And since we did not want to discuss it… we never considered to ppi judicial review budget for it…and so we never set any money aside for this occurrence…and with that… we whip out our lovely credit cards and swipe those bad boys to cover the costs. This is “Where the Rubber Hits the Road!”  This is the moment where this little white elephant can grow into huge debt. This is that defining moment where our lack of planning for everything including these uncomfortable topics, can really get us into debt and start the avalanche of our finances.   I mean…who wants to talk about buying new tires for their car? My wife certainly doesn’t. Or who wants to talk about saving up some extra money for a plane ticket for when one of our relatives dies? And now we will need to fly across the country to attend the funeral, plus we need to cover hotel and food costs, etc. No one wants to discuss this! And I don’t blame them.

Filed under: Personal Finance

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