Reasons Why You Might Struggle Financially

reasons why you might struggle financially

Everyone has trouble with money from time to time and it’s always good to look for creative ways you might save.  But for some, it often feels as though it’s a hole they will never climb out of. If you are someone who seems to struggle financially, then the underlying problems might be something worth looking for. You might discover that you are actually able to improve your finances if you look at what you are doing on a basic level.

In this collaborative post, we will look at some of the possible reasons that you struggle with your finances, along with some great solutions for getting past those concerns. This could help to lift you out of debt and uncertainty.

Reasons Why You Might Struggle Financially

Reasons why you might struggle financially

You Bury Your Head In The Sand

One of the main psychological factors why you might struggle with your finances is that you often end up burying your head in the sand. People often ignore how bad the situation is and what they should probably be doing. If you continue to ignore the situation, it can really only go one way. It might be hard but it’s necessary to stop this kind of behavior as soon as possible.

The best way to do so is to simply remind yourself that ignoring the problems are never going to fix them. It is much better to approach your money issues head-on. You might also want to think about keeping yourself accountable so that you don’t return to bad habits. People often find that writing down a budget in a planner or journal (or using an app to create one) really helps when it comes to keeping track of spending.

You Don’t Read The Fine Print

A lot of money problems are caused by a lack of attention to details, particularly when you have to borrow some money or make a large purchase. When you are in the position where you need to borrow money, be sure to use a site like so you can be sure you are getting the best deal. Always read the fine print when you do end up borrowing. A deal might seem great at first glance but it won’t help you later on if you miss hidden fees or interest rates.  The same can be said if you sign up to a contract for anything from a phone to a car, make sure you pay attention. It’s important to make sure you know what you are signing up for! This alone could save you from overspending on something unnecessarily.

Reasons you might struggle financially

You’re Not Earning Enough

If you are struggling to get by even when you take into account all of the above, you might simply not be earning enough. In that case, it could be a matter of trying to find more money to bring into the home. This could mean changing jobs, asking for a raise, going for a promotion.

It might even mean finding a way to supplement your income. There are many ways you can routinely make extra money each month. Many people have recently turned to side-gigs or hobbies in order to help bring in extra money. There are also online options such as survey sites which can help. 

As long as you are upping your income, you will be able to reduce your financial burden in the long term. See for some ideas.

Changing Your Finacial Habits

Making changes to how you use and view your money can be difficult. Often the way we spend, save or deal with these problems are ingrained in us from a very young age. But change can be helpful and dealing with a difficult problem early on is preferable to letting things build up. Especially when it comes to debt and your finances! Take the time now to understand where your problems might be coming from and head off future problems before they get too big.

This has been a Collaborative post. 

reasons you might struggle financially

Do you have any creative or inspiring ways your family has worked on their finances? Share them in the comments below and help others!


Do you struggle with your finances? Here might be why! #finances #money #savingmoney #makingmoney #debt< />
Do you struggle with your finances? Here might be why! #finances #money #savingmoney #makingmoney #debt< />


  1. These are definitely some good reasons why people struggle financially. I think there should be more education around money and how to use it wisely. Too many people are in debt nowadays and there’s not really any need for it.


    1. Author

      There should definitely be more education when it comes to finances. I know I was pretty clueless about handling money when I came out of school. It would have helped a lot if I had known how to be smarter from a younger age in terms of saving and budgeting!

  2. Great post. I quite a few people who have their heads in the sand, and it’s sad because I have watched them dig themselves deeper and deeper and they don’t seem to notice or care. I think the biggest problem is, people just don’t know enough about money, especially coming out of high school or even college.

  3. This is a useful post. Reading the fine print is such a useful and important tip. People have the habit of simply signing the papers without reading what’s written in the smaller fonts. Well, the agent mosty don’t explain that, and you may end up with a bad deal for your situation. Thanks for reminding it to everyone.

    1. Author

      Your welcome! I know we have been burned a few times by not checking the fine print. It’s definitely something we all need to be more careful with!

  4. I agree with Nicola – I wish there was more education about these things. Thankfully, I’ve been able to learn a lot through blogs recently but for the most part, I’m oblivious. Working on improving my spending habits, though, so my boyfriend and I can start saving for the future.

    1. Author

      I know how you feel! I made so many mistakes when I was younger just because I didn’t know any better, I feel like I would be much further ahead in life if I have been taught some of this in school, or at least had a bit more of a financial education from the start!

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