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Q.

Why do I always face financial crisis ?

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1

3 Year

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0 2022-04-29T19:06:35+00:00

Hi my friend,

First of all, let me assure you that your state of financial crisis shall pass very soon. We all face financial crunch at a certain time and it is very brave of you to come out and ask for help. I empathize with you because I was in a financial crisis myself a year ago. So, I think I may be of help to you somehow.

To answer your question, anyone can face a financial crisis due to certain unforeseen circumstances. But if the situations have been recurring for you, you need to understand the root accuse of such problems. In my case, I was the problem, because it was my reckless and unplanned spending and unorganized budget which was constantly causing my financial crunch. It may be the reason for many. So I am going to share what I did to come out of this.

  • It is important that you plan your budget for every single spending. 

  • You can also try looking out for extra prospects of earning cash in the areas of your interest.

  • Cut off the use of credit cards. They may be a temporary solution but they are long-term debt.

  • If your situation is very bad, you may also take a personal loan, given that you are in a condition to pay back the loan.

Planning your expenses is the key. It may take time to form a habit out of it, but keep trying. I’m sure you will get out of this bad phase very soon.

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