Another sign that you need to check your relationship with money is if you're not taking a longterm view of your finances. Clint Thomas, cofounder of Integrity Wealth Solutions and certified financial planner, told me, "People can always come up with excuses of why not to plan: I don't have money now, I'll figure it out later, someone else will do it for me, or it's too overwhelming." This kind of procrastination won't get you anywhere.
Redman agreed. He told me it's not a good sign if "when faced with retirement savings options at work, your response is, I'm too young to worry about that now. I want to live my life and have fun while I can. I can save for retirement later." However, he added, "The power of compound interest is significant, and the financial impact of waiting for one, two, three years isn't something you can make up. Start saving today, even if it's a little bit. You can still live your life, but you'll be so much better off."
Thomas noted that sometimes people avoid budgeting because "it can seem too overwhelming and frankly, not fun. Some people like to stay intentionally ignorant. But staying on top of your finances and having a plan can be very liberating and make life much happier."