Talking about money is considered taboo by a majority of Americans. We’re more open to talking about sex, politics, or religion than we are to discussing personal money matters. Unfortunately, not talking about it keeps many Americans financially illiterate and ignorant of what it takes to become financially healthy.
I’m going to make an obvious statement. You’ve heard it before. In fact, you’ve heard it so much that you’re going to have to fight against the natural response to stop reading and go back to whatever you were doing before you started reading this blog. I’m trying to warn you ahead of time so that you’ll do the opposite of what you want to do and benefit from what I’m about to share with you. Ready? Here it goes!
My mentor on personal finance would often say, ‘Show me your checkbook and I’ll tell you what you truly care about.’ For those of you who don’t know what a checkbook is let me rephrase, ‘Show me your online account statements and I’ll tell you what you truly care about.’ So, what does your spending reveal about you?