Part 2/9:
The first month is about confronting your financial fears head-on, a phenomenon often referred to as the "ostrich effect." This psychological bias causes individuals to avoid confronting uncomfortable financial truths—such as checking bank balances or opening bills. Avoidance only perpetuates anxiety, leading to larger financial issues down the line.
Start this month by calculating your "core four numbers":
Your net income (take-home pay)
Fundamental expenses (rent, bills, groceries)
Funds for future savings and investments
Discretionary spending (money allocated for leisure activities)