• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • HOME
  • RECOMMENDED BOOKS
  • FREE TOOLS
  • ABOUT

The Fortunate Investor

Investing, Business, Saving, Debt, Money, Retirement, Taxes and Family Finances

  • Save Money
  • Invest Your Money
  • Get Out of Debt
  • Making Money Online
  • Family & Money
  • Taxes
  • Business
  • Retirement
    • Retirement Calculator
Home » What Are The Most Common Causes Of Financial Trouble?

What Are The Most Common Causes Of Financial Trouble?

April 21, 2020 By The Fortunate Investor | This article may contain affiliate links. For more information visit our Disclosure

Tweet
Share
Pin
Share
Share

What Are The Most Common Causes Of Financial TroubleThere’s no doubt that money is a central part of pretty much all of our lives. The old saying that money makes the world go round might be a little bit crass but that doesn’t mean that it’s not at least a little bit true. However, it’s also true that money is one of the most common causes of stress and anxiety in our lives. A lot of the time, many of us feel as though there’s nothing we can do about making sure that our finances are as well taken care of as possible. However, that’s not the case. The first step towards taking better care of your finances is to know the most common causes of financial difficulty. With that in mind, here are some of the most common reasons why you might end up having money troubles.

A household emergency

Any kind of disaster in your home can be a miserable thing to have to deal with. Not least because of just how expensive to deal with it can often be. Whether it’s a flood, a fire, or structural issues, problems in your home can be both stressful and pricey. The best thing you can do is to make sure that you’re taking preventative measures. Do whatever you can to keep your home safe and get any issues dealt with as early as possible before they become a major problem. 

Accident or illness

Being in some kind of accident or getting sick is not only a deeply traumatic and unpleasant experience on its own, but the knock-on effect that these kinds of things can have on your finances can be a major problem. If you’re in any kind of accident then one of the most important things that you can do is to ensure that you get in touch with a personal injury lawyer to ensure that you get the justice that you deserve. That way, you’re not going to have to worry about things like medical bills getting in the way of your recovery and your desire to just get your life back to the way that it was before. Likewise, if you get sick then talking to a professional as early as possible can allow you to deal with it before things get too serious. This can not only save you a lot of stress and difficulty but it has the potential to save a great deal on medical bills.

The truth is that there are often things that come up in regards to your finances that you simply cannot predict. In order to make sure that you don’t end up in a position where those kinds of unpredictable things throw you for a loop, the best thing that you can do is to make sure that you don’t end up in a position where you’re unprepared. Having money set aside in savings can make a huge difference in ensuring that you don’t end up in a position where you’re unable to handle any issues that might crop up.

Primary Sidebar

Popular Articles

Is Going Full-On Digital Too Risky for Your Company

Is Going Full-On Digital Too Risky for Your Company?

Digital technology has revolutionized how businesses operate, and it's now almost impossible for … Read More about Is Going Full-On Digital Too Risky for Your Company?

Micro Investing Options Infographic

Micro Investing Apps: The Best Platform For 2023

What are micro-investing trends? Apps are powering micro-investing! Have you been wondering about … Read More about Micro Investing Apps: The Best Platform For 2023

The Price of Privledge: Anxious Teens With High Expectations Of Themselves

The Price of Privilege: Anxious Teens & Parental Pressure

Good Enough Is Great For Kids There is a famous quote by psychiatrist D.W. Winnicott: … Read More about The Price of Privilege: Anxious Teens & Parental Pressure

Ways to Save Money for a Down Payment on a Home

12 Ways to Save Money for a Down Payment on a House

Home ownership is a goal that many aspire to achieve. The home ownership rate in the United States … Read More about 12 Ways to Save Money for a Down Payment on a House

How to Liquidate Your Estate Quickly The Ultimate Guide

How to Liquidate Your Estate Quickly: The Ultimate Guide

Quick Estate Liquidation 101: The Ultimate Guide Liquidating an estate can be a complex and … Read More about How to Liquidate Your Estate Quickly: The Ultimate Guide

Footer

TOPICS

SAVE MONEY
INVEST MONEY
REDUCE DEBT
MAKE MONEY
FAMILY & MONEY
TAXES
START A BUSINESS
RETIREMENT

THE FORTUNATE INVESTOR

ABOUT US
ADVERTISE
CONTACT US

The Fortunate Investor focuses on personal finance topics to build wealth. Topics include saving money, investing, managing debt, family and money, taxes, making money, college planning, starting a business, coupons and retirement.

SOCIAL MEDIA

FACEBOOK
TWITTER
PINTEREST
YOUTUBE

Copyright © 2023 Fortunate Investor. All Rights Reserved. | Disclaimer & Disclosure | Privacy Policy | Terms of Service