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                   MONEY AND THIS PROBLEMS..



MONEY BROBLEMS..

                                                    How to Solve Money Problems on Your Own
                                                                                     1.If you want to know how to solve money problems on your own, we can show you. There are many reasons for money problems, we help people with them all the time, and we have excellent “how to” information to solve many of the common challenges. Below we briefly discus how to solve a number of common money problems, but we link to other resources that provide much more help – both with these topics and with many more. Before we get to that, though, we need to let you know the two best solutions to solving money problems: creating a spending plan and tracking your expenses.
                                                                      

Start by Creating a Spending Plan

The very first thing you must do in solving financial problems is to create a personal or household budget (depending on whether you live by yourself or support others with your income). Don’t let the “B” word (budget) scare you off. A budget is simply a spending plan for your money. Creating and following one allows you to see what’s going on with your finances and where your money is going. Without a simple spending plan, even rich people will run into money issues. Everyone needs one, and making one is probably much easier than you would think. In fact, we’ve made it simple (and even a little fun) by creating a budget calculator that guides you and suggests how much to spend in each area of your finances (you don’t have to listen, but the suggestions and advice are thought provoking and helpful).
                                                                                          

Track Your Expenses to Make Sure Your Spending Plan is Accurate

Once you’ve created a budget, it’s a really good idea to track your expenses for a month to make sure the numbers you’re working with are accurate and realistic. If your budget doesn’t reflect reality, it won’t work.
You can track your expenses by collecting all your receipts every day and dropping them in a box. At the end of the month, you can categorize them by the type of expense (groceries, transportation, etc.) and then add them up. If you pay for everything with your bank card or credit card, you can grab your statements and do the same thing.
Most people are surprised when they track their expenses and add up what they spent on different things. Many find their actual spending is different than what they thought, and through tracking their expenses they were able to find part of the reason for their problems with money.

8 Reasons for Money Problems & How to Solve Them

While budgeting and tracking expenses can provide a fair amount of help with solving money and debt problems, for most, it's a good start but more work remains to be done. In solving a financial problem it's important to identify the underlying cause and then either create a plan to fix the issue or get a professional to help you out. Here are eight of the most common reasons for money problems and potential solutions.        
                                                                                        
                                                                                                   
Source of Money ProblemReason Why Difficulties Often OccurSolution
Earning less than before or UnemploymentUsing credit for living expenses while earning less than you earned in the past, or living on credit while unemployedRe-evaluate your lifestyle & create a budget and follow it. If employed, see if you can get more overtime or a second job
Unanticipated illness or accidentDecreased income along with increased medical expensesRe-evaluate your lifestyle. Get all the help you can. Make sure you're getting everything you're entitled to: check with your province & reach out to societies related to your ailment
Moving out on your ownAccustomed to a higher standard of living that took your parents a long time to achieveAdjust your expectations and learn to live on what you earn rather than what you're use to
Birth of first childCouple didn't budget for the increased expenses and the drop in income during maternity leaveAdjust your budget and your lifestyle to fit the reduced income and increased expenses
DivorceGot the house but can't afford the ongoing expenses on only one incomeSell the house and downsize to something you can afford orgenerate revenue with the house
RetirementYou're now asset rich and cash poor. You can no longer afford to do things plus pay the house upkeep on your reduced incomeSell the house, move into something you can afford, invest extra proceeds from the sale, and enjoy life more
Emotional attachment to somethingYou are unwilling to part with something you can no longer afford: could be a home, vehicle, toy, or businessPut your emotions aside and look at the situation from a financial perspective
An addictionSpending more than you earn trying to satisfy the addictionGet professional help and counselling. If you don't, you'll never overcome your money problems
While the answers above may be brief, if any of them can help you begin to identify part of the problem you're going through, then you can begin to take steps to resolve the challenges you're going through.

Different Ways to Solve Money Problems

Money problems often occur for a number of reasons and can be eliminated more quickly and effectively if attacked from a number of different angles. Here are a whole bunch of ways you can begin taking significant steps towards solving these issues. Click on the links to learn more about the solutions that you think might apply to your situation.

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