There’s a difference between caring about your finances and obsessing over them.
There’s a wish once you’ve gone down the road of evaluating your finances that the increased attention will lead to immediate success. If that success comes, then you think about ways to pay down debt faster, save more, spend less or make more. All these are good motives, but if they become all you think about, then it can lead you down the wrong path or fill you with such anxiety that you’re unable to enjoy life.
You may pay down debt too fast, leaving you short on cash, forcing you to tap the retirement accounts when you didn’t want to. It may hurt your enjoyment of life because you become so afraid to spend a dime. Or your mental state suffers because you don’t understand why you’re not making more or paying down debt faster.
It’s like roasting coffee beans…Read More