When it comes to taking control of your personal finances, the sad reality is, most people prefer to bury their head in the sand.
In fact, when I surveyed thousands of property investors about budgeting, 54% said they had no budget at all. Imagine that – more than one in two do not monitor their spending!
I can empathise. It can be confronting and uncomfortable to face the reality of your own financial situation. Personally, I avoided it for a long time, living on credit cards and personal loans and ignoring the fact that my savings account balance never rose above $1,000.