The biggest problem with financial trouble is that you do not have control over your own finances. There is nothing worse than worrying about where the next bit of money is going to come from. Most of the headache and pain is caused by prioritising which bills to pay including mortgage/rent or even working out if there is enough money for a small holiday. The recent recession caused by the world’s banks have compounded the financial stresses for many people.

The credit crunch

The credit crunch has changed the lives of so many people. It has taken away jobs from people. Many homes have been lost, causing so many people to be homeless. The credit crunch has also caused many people to consider their job position, especially in this current economic climate. The fear of redundancy can also lead to worry, which is a very common human emotion.

What happens if you become redundant?

Many households have a single source of income. Losing your job means losing the only source of income. When you’ve been made redundant or you’re struggling with debt, feeling low or anxious is a normal response. Over time this can affect your self-esteem and the financial situation, which in turn can lead to emotional problems such as stress and anxiety. This can also lead to a feeling of powerlessness. The feeling of being powerless is one of the worst human conditions to be encountered and experienced.

Coping with Financial difficulties

Coping with financial difficulties may mean making painful sacrifices. If you are a parent then it can make you feel that this is not good enough. This can make us bitter and angry with the world and the government.

Coping with financial difficulties means coping with various different pressures, sensations and emotions. There are ways to cope which can dull the impact of its effects. If you are currently having financial difficulties and worried then you remember that are millions of people that are also worried. Remember not to give up hope. Keep on believing in yourself and believe that you are strong enough to come through it.

George Mathew

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