If you feel like you’re a financial burden to others around you, you’re far from alone, given how many Americans live the same way. Fortunately, there are ways to identify the symptoms and sources of financial stress and many ways to avoid being a financial burden to anyone.
- Unstable Income- Can’t Retire - Not Having Enough for an Emergency - Paying Down Debt- Paying for College - Aspiring for a Better Lifestyle - Rent/Mortgage
- Anxiety
- Overdue bill
- Depression
- Overspending
- Mood swing
- Strained relationship
- Difficulty sleeping
- Living paycheck to paycheck
- Loss of appetite
-Lower sex drive
- Look for Insurance Premium Discounts- Change Your Data Plan- Review Your Memberships- Threaten or Ask to Cancel Something- Defer Payments- Ask for Help
- Write Down Your List of Problems
- Be Realistic
- Do the Best You Can With Your Annual Income
- Communicate Frequently
-Automate Payments
- Be Honest With Yourself and Others
- Expect Surprises
- Be Positive and Proactive
- Be Persistent
Parents who are raising kids are responsible for clothing, feeding, and housing them. They also have to provide for daycare, education, and medical care associated with high medical costs.
If you’re living paycheck to paycheck, you need to stop that immediately. Find anything you can in your budget to trim or reduce, and then start socking that money away.
Automate Your Saving
You probably have automated payments to simplify your life. Do the same thing with your money.