In my book, Build Your Money Muscles, I talk about Financial Vagueness Syndrome (FVS) as a key stumbling block to financial comfort. If you don’t know what is going on with your money, it’s difficult to plan, strategize, and make rational financial decisions.

If you have been listening to the gloomy financial news, then you probably know that one of the main reasons the system is falling apart is that no one really understood the sophisticated financial instruments such as mortgage back securities and credit default swaps that were being traded in the markets.

Recently we learned that when billions of dollars of TARP funds were distributed, no one kept track of where the money went and what it was used for.

On top of that, no one was watching the store. When the SEC was warned about Bernard Madoff’s Ponzi scheme, for example, the warnings were ignored. No one really wanted to know what was going on.

You could easily conclude that Financial Vagueness Syndrome played a significant role in the global financial crisis. Has it played a role in yours? 

Bounced checks, late fees, over-limit penalties, and unopened bills are all signs of financial vagueness. If you have ever said, “I don’t know where my money goes,” you have FVS.

If you don’t keep track of your spending and earning (and checking your balance online does not qualify as keeping track), if you never reconcile your checking or credit card accounts, and if you avoid looking at bank and credit card statements, you have FVS.

Getting over FVS provides many opportunities for growth and development. When you pay attention to how you feel about your cash flow, bills, and financial behaviors, you can discover the feelings that serve as the impetus for creating your life stories. This is a key to turning your finances in a new direction.

The Build Your Money Muscles for Financial Strength & Security program provides lots of information and advice for establishing healthy financial habits whle overcoming your natural resistance to developing thee habits. People on the program who were completely vague when they started are now feeling empowered and safe because they have learned the basic skills of financial managment.

Along with basic financial skills, the program integrates techniques and information for recognizing and releasing the emotional issues blocking your financial success. The audios, workbooks, and many resources and bonuses along with the weekly group call and online discussion group provide what you need on an ongoing basis to create financial comfort–and it’s affordable.

You can read all about the program at http://BuildYourMoneyMuscles.com. I hope you’ll take a look at it and pass the information on to your friends.