No Rush

I’m Miriam Neff, and I’m Valerie Neff Hogan, with Wise Women Managing Money.

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

But this doesn’t change the PATTERN OF BEHAVIOR that led to the crisis to begin with.

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.

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