Post
Topic
Board Economics
Re: Big Reasons Why Many Families Are Feeling Extreme Financial Stress
by
jameshowlett
on 12/06/2018, 13:09:20 UTC
Any family will be enduring extreme financial stress if they start spending more than they are earning , and sadly most of the families around the world aren't wealthy enough or haven't highly payed jobs in order to pay for every necessity + taxes and have some money left for either entertainment or urgent situations . Moreover , the banks have encouraged such actions by making people able to spend a certain amount of money that they don't have and cut it from the next wager , which made people even more into spending especially that we are living in times where advertisement entices us to buy what we don't need by tapping on emotions and making us think that we'll have the best hair or the best skin by buying a certain product , when in reality all similar products with smaller prices will do the same .. Such practices will result in salaries disappearing by the 2nd week of each month hence the stress that everyone will be feeling ..
In my opinion, the most important thing which we all need to do is too manage our earnings in the best possible manner. It is because if you will not do some proper planning regarding where to invest your money and where to not, then you will surely run short of money and that you will spend your money at so many useless places. You need to do the right thing and that think well before spending of money.
It is undeniable that each of us need to have certain plan for our money and consider carefully and wisely before we spend it on something especially something expensive or seemed to be unworthy of buying. We can easily fall for those advertisements and waste money for no reason if we don't think it through. But since prices of things keep growing, it is also essential to have a decent and high-paid job and this is not an easy task for most people. I think bitcoin would be a grand solution since its price has the potential of going up high and somehow solve the unemployment crisis.