Hi folks! Welcome to part 3:
Part 3 — Financial Denial and the Addiction Parallel
Financial denial operates just like addiction — the problem exists, but admitting it feels unbearable. People convince themselves they’re “just stressed” or “waiting for a better month.” That waiting game can last years and always reduces or eliminates the best options.
Like substance dependency, financial avoidance offers momentary relief but long-term pain. Canadians often try to camouflage stress with small indulgences as a form of pleasure that postpone accountability. The deeper the denial, the stronger the need to hide the evidence: unopened mail, ignoring creditor phone calls and other avoidance techniques.
This is why so many intelligent people fall into debt traps. Not because they lack intelligence, but because shame blocks action. They fear judgment yet once the problem is faced, recovery is often much easier and faster than expected.
Lessons for Change: Breaking Financial Denial
- Face the numbers. Write every debt, balance, and interest rate on one page. You can’t fix what you refuse to see.
- Stop hiding mail. Open every bill the same day it arrives, even if you can’t pay it yet. Knowledge equals control.
- Set “sobriety rules.” No new credit cards or buy-now-pay-later plans.
- Start micro-wins. Pay one overdue account starting with the highest interest and most overdue. Progress compounds.
- Talk about it. Confide in one trusted person — silence is the creator of financial shame.
DGB
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Gig Worker or Self Employed Needs This