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What does it mean to be financially unstable?

What does it mean to be financially unstable?

A sure sign you are financially unstable is when late fees and overdraft fees start becoming at least fairly normal in your life. You may consider the payment of a small fee to be a price you are willing to pay in order to maintain greater control of your cash flow.

What makes someone financially stable?

In the simplest way possible, being financially stable means you are spending less than you earn (or living below your means). You are able to pay for the basics of living (food, shelter, utilities) and still have money set aside for any unexpected bills, emergencies, and your future retirement.

Should you depend on your spouse for money?

If you love your spouse, you’d make him or her financially independent. If you don’t truly love your spouse, then you’d make him or her depend on you for all her financial needs. Depending on someone for money is a terrible feeling.

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What keeps people financially insecure?

Let’s take a look at what keeps people financially insecure, and how to battle it… 1. A Financially Insecure Childhood “Overcoming poverty is not a gesture of charity. It is the protection of a fundamental human right, the right to dignity and a decent life.” This is the biggest one, because it takes so long to overcome.

Are there any millionaires who don’t feel financially secure?

I’ve met more than a few millionaires who don’t feel financially secure, because of the conditions they grew up in. When you grow up with nothing, you always have that stigma. You never feel like it’s enough. People who lived during The Great Depression era still have habits that were ingrained in them during those years of deprivation.

Why won’t my spouse help me?

There hasn’t been adequate communication for them to know they’re expected to help. They’re already maxed out with taking care of kids, cooking meals, running errands and keeping the house (which is vital hard work though it doesn’t pay the bills). Your spouse is battling an addiction. Your spouse is able-bodied but still refuses to work.