Financial problems - how to solve them?

[luckypenguin]

How to recognize real problems and get out of the financial hole? Who can tell me how to plan a budget or give me some other advice?

[1715151064]

1715151064

[1715151064]

1715151064

[1715151064]

1715151064

[DeathAngel]

First thing to do is admit that you have a problem or are in a difficult situation. It looks like you have accepted that so it’s a good start. Next you need to trim the fat, stop all unnecessary spending & luxuries. Start being frugal & pay your bills. Getting a second job might be a good idea & consider consolidating multiple debts in to one, low interest debt.

[Nerdy doctor]

Planning cannot be overemphasized in our daily life as things tend to go more of our way if we have a plan and try to stick to it. With a well laid out plan on how to spend your income, you could avoid financial ruin.
Another factor that brings about financial problems is if you spend above your means of income. This can also be avoided by proper planning of your funds and with a clear scale of preference. A scale of preference would show you what is more important for you to purchase or get at every point in time.
With a scale of prefence, your needs are listed according to how important they are for you and that should guide you on how to spend wisely on your important needs. Cut off all unnecessary pleasure goods and divert those extra funds to your savings.

Be prudent on your spending

[Daniel1995 Nemeka1995]

We economics the way of doing things and look for something nice so that we overcome financial problems in hour homes.