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Elizabeth

When Things Get Bad

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Got the following Motley Fool advice in my inbox. I think a lot of people are going to get caught out, and a lot of them are going to be homeowners, who are probably going make it worse for themselves by panicking, going into denial etc. (eg. thowing all bills, credit card statements etc. into 'THAT kitchen draw' which is then quarantined as firmly as a toxic waste deposit) - the worst part of any crash is the panic, so forewarned is forearmed!

http://www.fool.co.uk/news/comment/2005/c050902a.htm

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It must be laziness that we dont look after our money. Pressuming money is always easy comming when we always had it good.

I heard on the radio that a survey showed A LOT of people ignore things like bank statements and would be hard pushed to know how much they have in their current accounts.

Oh dear

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Its not even that. I have actually seen two people I have know quiet well act like squirrels whenever a bill, bank statement etc comes through the door. Their repetitive behaviours were quite astoundingly similiar:

* a look of extreme panic crossed their faces, following which they

* pick up the mail item

* examine its exterior

* huff loudly

*stridently march toward one of a number (3-4) storage places which must be closeable (either a cupboard with a door or a drawer)

* thrust offending item in chosen squirrel hole

* resolutely close the door/drawer

* shake head fast (like dog shaking off water)

* abruptly return to previous activity/ conversation.

I know its not a scientific sample but having seen it twice I think this might be a biological pattern of financial denial!

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Its not even that.  I have actually seen two people I have know quite well act like squirrels whenever a bill, bank statement etc comes through the door.  Their repetitive behaviours were quite astoundingly similiar:

* a look of extreme panic crossed their faces, following which they

* pick up the mail item

* examine its exterior

* huff loudly

*stridently march toward one of a number (3-4) storage places which must be closeable (either a cupboard with a door or a drawer)

* thrust offending item in chosen squirrel hole

* resolutely close the door/drawer

* shake head fast (like dog shaking off water)

* abruptly return to previous activity/ conversation.

I know its not a scientific sample but having seen it twice I think this might be a biological pattern of financial denial!

A shiver went up my spine reading that. My younger brother almost got destroyed financially by his then partner behaving just like that when she was "managing" the construction of their dream home.

Because she was older and more sophisticated than him in many respects he took far too long to realise she was both incompetent with respect to money, and dishonest.

When push came to shove (landscape gardener taking legal action for debt recovery), she vanished into hospital with a nervous breakdown, and he literally found a kitchen drawer full of bills. I remember the family conference that followed; one of the worst nights of my life although it's water under the bridge now.

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Guest Bart of Darkness
Its not even that.  I have actually seen two people I have know quite well act like squirrels whenever a bill, bank statement etc comes through the door.  Their repetitive behaviours were quite astoundingly similiar:

* a look of extreme panic crossed their faces, following which they

* pick up the mail item

* examine its exterior

* huff loudly

*stridently march toward one of a number (3-4) storage places which must be closeable (either a cupboard with a door or a drawer)

* thrust offending item in chosen squirrel hole

* resolutely close the door/drawer

* shake head fast (like dog shaking off water)

* abruptly return to previous activity/ conversation.

I know its not a scientific sample but having seen it twice I think this might be a biological pattern of financial denial!

A mate of mine did that when he was in financial trouble. In fact, to this day, his wife has to open the bills as he still can't bear to open them himself.

Ordeal by small brown envelope.

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I always file my statements and paid bills in a purpose made hole punch folder...

Am i a rarity?!

Any other things like loan applications, credit card applications go straight to the shredder. ;)

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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