Why do people suffer from financial problems?

[Starmix]

Life is so hard if suffer financial problems. Money is the only instrument that could save us during a sudden need for it. The more harder when there is no one to turn to and no one to talk to, to console your mood of uncertainty. Why do people struggle with financial problems? There are reasons that are behind this and one is a lack of financial literacy. Meaning, that once you have a huge money your mind thinks about what to buy instead of how much to save and how much to spend for the family. Another reason is having a scarcity mindset. If you always think about this instead of finding solutions, the more you look like a fool. Further, self-esteem issues leading to overspending, and unavoidable costs of living. What can you say?

 

[Kirubel]

Financial problem is common problem amount thus who are trying to start new life, especially thus who are new employees, they don't have much financial supports and since they have no additional income then they will have some financial problem.

 

[Starmix]

There are many reasons why people suffer financial problems, especially those born poor. But to those born with a given spoon in their mouths, they never suffer at all. The majority of people are working and they failed to save, They rather gamble their money or spend useless things.

 

[Suba]

Financial problems are often caused by income that cannot meet primary needs such as food, clothing, shelter, education and health. The richer someone is, the more greedy they will be, so they will become corrupt even though they are already getting a large salary.

 

[eLdavis]

In most cases it could be due to reckless spending and lack of self control in managing what they have. This usually leads to financial issues in the long run.

 

[Starmix]

Extravagance is one factor why some people suffer financially. Most of them cannot control, their spending. They even spend much for their friends during bonding time which results in regret if the sense money is gone.

 

[Augusta]

First is that of mental laziness. People are not really to use their mental mind to work. Then that of physical laziness.

 

[Fidelia]

Some people suffer financial hardships because of just ill luck. How would you explain someone whose mom always falls sick and he spends all his earnings in the mom's hospital bills.

 

[Starmix]

There are many factors that could stress the person due to financial stress. Having a sick parent or family member adds factors to chicken out your finances.

 

[Springtime]

There are many reasons people suffer from financial problems. The reasons may be due to laziness, not willing to work hard; spend more than you earn, and some may gamble and lose all their money.

 

[King Belieal]

Some financial problems are self induced. How can someone that is earning an average salary want to stay in a big house? That definitely equates to financial problems.

 

[Stardom22]

I do think that it's because people have poor earning methods that makes them limited amounts of money that is insufficient for running their lives appropriately.

 

[Starmix]

Those who suffer a financial problem lack self discipline and control. They're not using their initiative and commonsense.

 

[kerryjoy]

In many cases, it could be attributed to irresponsible spending and a lack of self-control in managing their resources.

 

[Starmix]

Some people consider themselves a one - day millionaire after receiving their salaries, instead of saving to have something for the rainy days, they never do. They lack financial literacy.

 

[Trush Jodie]

Some people suffer financial problems because they are reckless financially. While some suffer financial problems because of fate.

 

[AruneBend]

There can be a lot of problems when it comes to finances some people do not know how or they are just unlucky

 

[Starmix]

There can be a lot of problems when it comes to finances some people do not know how or they are just unlucky

Yeah, some people may not be lucky or easily get tired and frustrated instead of finding means to resolve their financial situations.

 

[Suba]

Many people suffer from financial problems, which can also be caused by external factors, such as having many children but their income is small, government regulations on high taxes, inflation which makes small businesses go bankrupt.

 

[Starmix]

Many people suffer from financial problems, which can also be caused by external factors, such as having many children but their income is small, government regulations on high taxes, inflation which makes small businesses go bankrupt.

Many people suffer a lot. They cannot help themselves to elevate their finances . They may lack skill, or no interest to improve their lobes at all.