27 Ways To Avoid Being A Financial Burden

Many Americans had not even recovered from the financial crisis of 2008 when the pandemic hit. Between the two recessions, years of economic and job growth took place, but corporate ladders disappeared causing income loss, while other wages remained stagnant. 

- Unstable Income - Can’t Retire  - Not Having Enough for an Emergency  - Paying Down Debt  - Paying for College - Aspiring for a Better Lifestyle - Paying Rent/Mortgage  

What Causes Financial Stress?

Symptoms Of Financial Stress

1. Anxiety 2. Overdue bills 3. Depression 4. Overspending 5. Mood swings 6. Strained relationships 7. Difficulty sleeping 8. Living paycheck to paycheck 9. Loss of appetite 10. Lower sex drive

How Do You Relieve Financial Burden?

- Look for Insurance Premium Discounts - Change Your Data Plan  - Review Your Memberships  - Threaten or Ask to Cancel Something  - Defer Payments  - Ask for Help 

How Do You Relieve Financial Stress?

- 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 

27 Ways To Avoid Being A Financial Burden

1. Set Goals

Your goals don’t have to be so big that they outweigh your problems. You need at least one goal that you find intriguing or desirable enough to get started.  

2. Make A Budget

It doesn’t matter if you don’t know how to create a budget. There are so many ways to create budgets these days there are no excuses. 

3. Save Money

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. 

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