Confession Time: What is my biggest failing when it comes to money?

Ah! I have to share with you my biggest failing… it has to be ‘carelessness’… And I’ll share with you why I think so…

When I bought my little portable PC, the Aspire One in the UK, I was very careful to make sure that I had all the documentation for a tax refund. The ACER Aspire One was purchased in John Lewis in Welwyn Garden City for GBP299.00 of which I was entitled to a tax refund of approximately GBP20.00 (it’s not a lot, granted, but anything to reduce that credit card bill that is staring at me!).

Well, I lost the paper work, I also lost several other sets of paperwork, after carefully keeping them for three weeks on numerous flights and in lots of different places. Last weekend, I reminded myself that I had to go to the post office, and promptly didn’t go. After that, the paperwork just vanished without a trace. Of course, I could have just filed the paperwork in the UK, as I intended to do, but I procrastinated going to the post office, made all sorts of excuses, and finally I lost the paperwork.

Were this the first time, I would’ve been more forgiving of myself but it’s not? I’ve lost items and documents frequently, including…

  • 1. leaving my bag with money OUTSIDE all night;
  • 2. throwing my passport in the toilet;
  • 3. losing my bankbook(s) more than twice;
  • 4. losing my ATM cards more than three times;
  • 5. lost several wallets; and much more…

I’ve tried all manner of ways to compensate for my own carelessness, including making a much bigger effort to organize myself, file papers and documents properly, and keep money properly… but the systems usually breakdown when I don’t follow it properly for whatever moment of inattention I am prone to. It’s at that point that things go awry. I’m much better organized than before, but still the effort I put into organising my bag hasn’t been successful, so…

When you know your weaknesses, it’s best to work out ways to compensate for them before they become a problem, especially if you can’t fix them!

Have you a ‘financial weakness’? How does it affect your life? What did you learn about yourself because of it?

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Video: Cramer – Don’t risk your assets in this market!

On October 6th, Cramer made that prediction about stocks dropping 20% when stocks traded between 10,322.52 and 9,503.10. Right now the market is trading at 8100, so we’re down between 20% from that point on October 6th. There could be another 500 points to go though! Are we nearing a bottom? Volume is up, too, significantly, too…

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