Are you experiencing tough times making ends meet? Are you wondering how you can dig yourself out of this hole? Work, not to mention family, commitments stacking up? Where is the money going to come from?
Financial pressure arises from any situation where money worries are causing stress. It may relate to debts you are facing now, or financial concerns you have about the future. It could be about actual or feared changes in work or personal circumstances that affect your income. It might be about expected expenses for you or your family.
The ability of a business to manage its finances; meet its debt obligations and return capital to its investors is integral to its success. A business which is financially stable can grow its profits more easily than one which is not; furthermore, investors, lenders and employees are more willing to engage with and invest in a financially stable company.
In addition, management stability and branding stability contribute to a company’s overall impression of being a sound and stable venture. The reverse is true for businesses which are unstable; instability can quickly lead to decreasing profits and, ultimately, bankruptcy.
Financial Problems or financial pressure is a situation where money worries are causing you stress. Many people are facing hard financial times and the impact on mental health can be significant. These problems can seem impossible to overcome, but you can get help and take steps to improve your situation.
- Signs you may need Help with Finances and Debt
- Late bill payments or often seeking extensions
- Minimum or missed payments on credit cards
- Spending less money on necessities e.g. food
- Increasing debt from credit cards or loans
- Legal action for debt recovery
- Fear of eviction by being behind in rent or loan repayments
- Not enough money coming in to cover the required spending
- Difficulty paying monthly bills
- Lack of money in tough times
- The impact of Financial Problems on your Health & Relationships
- Worrying a lot or feeling anxious over money
- Arguing with loved ones over money
- Headaches
- Feeling unwell
- Being afraid to open the mail
- Difficulty sleeping
- Feeling guilty spending money on non-essentials
These are hard financial times for many individuals and families. There are things you can do regarding your finances, you have control to manage your incoming vs your outgoings. Implementing budget planning and forecasts does not need to be a daunting task.
Let AAA Consulting help you to prepare a budget plan to increase available funds. Contact AAA Consulting for more information.